Weekly Review | 20 August 2021

SPX500 Weekly Review 

Weekly Review

Wave Analysis

SPX500 is currently in an active up trend. While the price remains above the alligator indicator attached, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the last impulsive wave (5) to the upperside and could see the price break above 4500.00 towards 4600.00 and may end much higher. If the price breaks below the Alligator indicator, then we will be expecting a possible rally towards 3330.0.

Trade Recommendations:

We're buyers towards 4500.00

Gold weekly Review

Weekly Review

Wave Analysis

During the previous week on Friday, gold bounced off from the lower trendline, ended up closing as a bullish pin bar, as long as the price is held above the upper trendline, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the last impulsive wave (5) to the upperside and should head straight towards 1800. and may breakout even higher. As it is right now, we are buyers.

Trade Recommendations:

We're buyers towards 1800.00.

BTCUSD Weekly review

Weekly Review

Wave Analysis

For the past few weeks, BTCUSD bounced off from 30322.890 headed straight to the upperside and is still pretty much bullish. As it is now on the weekly chart, we are looking forward to a possible rally to the upperside and should break above 60k towards 70k or even higher. On the flipside, should the price break below 30222.10 and may breakout below this level with the next ideal target set around 9994.10 and may extend much lower.

Trade Recommendations:

We're buyers towards 60k

Bob Stan
Agree with the review?
Traders' opinion:

Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .