Weekly review. Silver, NIKKEI, DAX

NIKKEI

Monthly chart: Tactics remains the same: waiting for signal of a starting descending swing, then will try to trade on it if it is good enough, for example, a confident Inside Bar and th4en will buy on trend in the end of descending swing (the best possible option — around 16390).

Weekly chart: the first crossing in the bottom, so bears have one more week to consolidate. Also we hade a false breakthrough of Inside bar and bulls keep a full control.

Day chart: ascedning swing. Inside bar was broken up and buyers can attack to move price to North.

Scenario: growth above the last High (20649)

Trading decisions:

1) Purchases with locks when the price breaks the level 20649.

DAX30

Monthly chart: a shaped downward swing, so the price may move just a little lower.

Weekly chart: first crossing in the bottom from bears (blue cross). To nullify it, bulls need to pass above the last Top (11931.8). Otherwise, the price may drop 10097.2

Day chart: two crossings in succession, that is to say, a trend. Bulls will have a chance only of the price breaks above 11931.8. Meanwhile, we look for signals to sell on local trend to the bottom in the area 11641.1 (red arrow).

Scenario: miss a roll of the price upwards and look for short signal in the area 11641.1

Trading decisions:

1) We sell from 11641.1 to break the level 10857.1

Silver

Monthly chart: bearish structure of the chart is preserved and signal for sales is received - a false upward breakthrough of Inside Bar.

Weekly chart: fight for reversal. Successive ascension of bottoms (red), two upward crossings in succession (green). To break this tendency, bears need to break the next to last bottom (15.58), otherwise bulls may lead the price to to 18.62.

Day chart: One more signal speaking for bulls' influence: pin + inside bar. At present, a sufficient pullback took place and it is enough to try to buy with a good Stop order.

Scenario: growth from current levels to 17.40

Trading decisions:

1) We buy to17.40 with Stop established under 15.81.

NIKKEI Monthly chart: Tactics remains the same: waiting for signal of a starting descending swing, then will try to trade on it if it is good enough, for example, a confident Inside Bar and th4en will buy on trend in the end of descending swing (the best possible option — around 16390). Weekly chart: the first crossing in the bottom, so bears have one more week to consolidate. Also we hade a false breakthrough of Inside bar and bulls keep a full control. Day chart: ascedning swing. Inside bar was broken up and buyers can attack to move price to North. Scenario: growth above the last High (20649) Trading decisions: 1) Purchases with locks when the price breaks the level 20649. DAX30 Monthly chart: a shaped downward swing, so the price may move just a little lower. Weekly chart: first crossing in the bottom from bears (blue cross). To nullify it, bulls need to pass above the last Top (11931.8). Otherwise, the price may drop 10097.2 Day chart: two crossings in succession, that is to say, a trend. Bulls will have a chance only of the price breaks above 11931.8. Meanwhile, we look for signals to sell on local trend to the bottom in the area 11641.1 (red arrow). Scenario: miss a roll of the price upwards and look for short signal in the area 11641.1 Trading decisions: 1) We sell from 11641.1 to break the level 10857.1 Silver Monthly chart: bearish structure of the chart is preserved and signal for sales is received - a false upward breakthrough of Inside Bar. Weekly chart: fight for reversal. Successive ascension of bottoms (red), two upward crossings in succession (green). To break this tendency, bears need to break the next to last bottom (15.58), otherwise bulls may lead the price to to 18.62. Day chart: One more signal speaking for bulls' influence: pin + inside bar. At present, a sufficient pullback took place and it is enough to try to buy with a good Stop order. Scenario: growth from current levels to 17.40 Trading decisions: 1) We buy to17.40 with Stop established under 15.81. Источник: https://freshforex.com/analitics/fresh-forecast/gann-and-price-action/week_842.html

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