Weekly Review | 29 Enero 2021

DJI30 weekly Review


Wave Analysis

Dow is currently rallying within an expanding wedge formation. On this chart, we are waiting for a bounce from the upper trendline to pick  a low risk sell position expecting price to continue to the lowerside with an ultimate target set at 30928.00 and could breakout much lower with an ultimate target set along the lower trendline. If the price breaks and closes above the upper trendline, then further momentum to the upperside is expected with an ultimate set around 31446.00.

Trade Recommendations:

Look for buy positions towards 31286.00.

 HSI Weekly Review

 

Wave Analysis

Since the beginning of this month, HSI has gained significantly to the upper side and is still pretty much bullish. We're waiting for this instrument to establish a swing high so that we can pick a possible sell position expecting a correction towards 38.2% fib level. If the price breaks and closes above the level 30130.0. Then this will be a good place to consider a possible long term buy position, and in case the price breaks and closes below 38.2% fib level, then expect further correction towards 50.0% fib level.

Trade Recommendations:

Wait

DAX30 Weekly Review


Wave Analysis

DAX30 is currently trading within an expanding wedge formation. As long as the price remains below the upper trendline, we are bearish. The idea is to wait for a bounce from the upper trendline to pick a possible low risks sell position expecting price to break below 13747 towards 13490.0 or even lower. If the price breaks and closes above the upper trendline then further momentum to the upperside with the next ideal target set at 14156.5. A break any higher will push the price much higher.

Trade Recommendations:

Sell a rebound from the upper trendline.

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Bob Stan
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