AEM - Long-Term Technical Forecast

Weekly price is breaking the Ichimoku cloud to below for the possible weekly bearish reversal. Chinkou Spam line of Ichimoku indicator crossed the historical price for the strong breakdown to be started, and Stochastic oscillator is showing the downtrend in the near future as well for example.

• If the price breaks support level at 141.61 to below so the primary weekly bearish reversal will be started.
• If the price crosses resistance at 184.75 to above together with 255.24 as a good terget to re-enter so the weekly bullish trend will be resumed.
• Alternatively, the price will be on secondary ranging within s/r channel to be near and inside Ichimoku cloud waiting for the direction of the strong trend to be started.

Trading Summary: possible breakdown with the primary weekly bearish reversal.