Last week, Bitcoin shaded almost 75 perfect the value it gained during the week ended 3rd November 2017. This cryptocurrency is still very bullish and the bearish price rally seen last week is a mere corrective wave count and should not go beyond the end of the third impulsive wave (3), 4540.95, where we'll be looking to buy the impulsive wave (5) with our target still fixed at 7000.00. If this target is violated then further rise towards 10,000.00 is expected during this week. This cryptocurrency should be traded alongside other cryptocurrencies such as Litecoin, Santacoin, and others.
Trade Recommendations:
Wait for the current corrections to end then pick a buy trade
SPX Weekly Review
Wave Analysis:
Despite the bullish continuation candles seen for the past fortnight, the standard Poor's index is yet to make any significant move to the upper side. During this week, we expect a possible correction to the lower side, before we continue long. Ideally, we expect a drop towards 2557.0, then rebound to continue. However, if the price fails to correct itself downwards, then we'll be loking to re-buy the impulsive wave (5) with an ultimate target at 2700.00 or even higher. This index should be traded alongside other indices such as ASX, HSI, IBEX35 and others. These have as strong positive correlation and will move in the same direction this week.
Trade Recommendations:
Remain long with an ultimate target at 2700.00
Deutsche Bank Review
Wave Analysis:
Perfectly as previous forecasted, Deutsche Bank gained value and is still showing signs of rising even higher during this trading week. Last week, we saw a possible continuation of the impulsive wave (i) to the upper side but is still below our set target at 20.98. This week, we expect a possible extension of the impulsive wave (i), to the upper side and even a breakout above 20.98. If you didn't go long around 15.90, then you can wait for a break above 20.90, to buy the impulsive wave (iii) with an ultimate target at 25.93. Alternatively, you can wait for price to drop towards 15.90, then rebuy the larger impulsive wave (c) with an ultimate target at 30.75.
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