We are conducting a macro analysis on ALEPH at two different timeframes.



ALEPH has been able to move from recent lows in an impressive manner while setting up a bullish pattern. The current market structure can be identified as a falling wedge, which has been broken to the upside. Since the breakout has come without any consolidation and directly in one move from a recent lower low, the price is currently retracing a little and could be marking a throwback and retest of the level of breakout. Looking at the MKAST Index, one can identify it showing 11/15 points, which is quite high and supports the local retest of the breakout levels. 



The strength of the lower timeframes shines through into, the higher timeframes of ALEPH as it has been retracing in an inefficient way to its previous key area of support. The downfall from a flat resistance has been accompanied by a low volume, indicating a common interest of market participants to sell at the current prices. The MKAST Index shows 3/15 points, which is relatively low and demonstrates a minimal downside and a potentially slightly limited upside.


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