AEP – Bullish Structure Intact, Corrective Pullback Toward TrendAmerican Electric Power Company, Inc.BATS:AEPBinMhusien On the Monthly and Weekly charts, #AEP remains in a well-defined bullish structure, printing higher highs and higher lows. Price is currently pulling back after an extended rally into: The weekly rising trendline The weekly 20-period moving average A prior breakout / demand zone around 105–110 This creates a high-confluence support area rather than a trend failure. Weekly Structure Insight Trend remains bullish Current move appears corrective No weekly structure break so far As long as price holds above the 105–110 zone, bullish bias remains valid. Daily Timeframe Behavior On the Daily chart: Strong rejection from recent highs Price trading below the daily 20 MA Momentum slowing as price approaches HTF support This suggests a potential continuation setup, pending confirmation. Trade Scenarios 🔹 Bullish Continuation Scenario Hold above 105–110 Daily bullish reaction (engulfing / higher low) Reclaim of the daily 20 MA strengthens the case 📈 Targets: 118–120 (first resistance / MA zone) 125–128 (prior highs) 🔹 Bearish Risk / Invalidation Daily acceptance below 105 Would open the door toward deeper correction Execution & Risk Note This is a trend continuation opportunity, not a counter-trend play. Let price confirm at support before committing risk. Think of this area as a pit stop in an uptrend: If it holds, the trend resumes — if not, step aside. 💬 Are you waiting for a clean daily confirmation, or scaling in at HTF demand?