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Weekly Review

Weekly Review | 10 Noviembre 2017

Bitcoin weekly Review:

Weekly Review


Wave Analysis:

Following the bullish pin bar seen during the past trading week ending 28th October, Bitcoin rose tremendously to the upper side and is still pretty much bullish on almost all the time frames. During this week, we expect a possible bullish price rally to the upper side but should not go beyond 8000.00. The anticipated bullish price rally is merely the continuation of the impulsive wave (5) to the upper side and may be extensive in nature. Thus, we’re only into buy positions at the moment.  This cyrptocurrency should be traded alongside the others such as the Etherium and Litecoin.

Trade Recommendations:

We’re still long with an ultimate target above 8000.0.

Deutsche Bank Weekly Review

Weekly Review

Wave Analysis:
Perfectly as previously forecasted, the price failed to penetrate below 15.96-15.61, instead, it bounced off pricisly from this support zone (15.96-15.61) and is currently rallying to the upper side. We expect a possible bullish momentum towards 20.98 and may breakout even higher. The anticipated bullish price rally is merely the unfolding of a five wave cycle, with the first impulsive wave (1) currently underway, but should not go beyond the weekly resistance level 20.98. If this resistance is broken, then we'll wait for minor pullback to the lower side to buy the impulsive wave (iii) with a target at 25.93. This index should be traded  alongside other indicises. 
Trade Recommendations:
We're long towards 20.98

SPX500 Weekly review

Weekly Review

Wave Analysis:
Despite the bullish pin bar observed during the previous week ending 28th  October, the  Standard & Poor's 500 is yet to pick a momentum to the upper side, we went long following this pin bar and is still holding onto this trade, our expectation is the price should continue even higher come this week and even next week. The anticipated upward rally is merely continuation of the impulsive wave (5) to the upper side and may breakout above 3000.00 where we'll be waiting for a pull back to the lower side. This indices should be traded alongside other indices such as NASDAQ  and Dow Jones Average. These indices have a strong positive correlation and will move in the same direction today.
Trade Recommendations
We're still long

FreshForex cancels commissions!

Bob Stan
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