DAX30 Weekly Review
Wave Analysis
After a spike to the lower side late last month, DAX30 has gained almost 100% the amount it lost last month, we expect further momentum to the upper side. The anticipated bullish price rally to be the continuation of the impulsive wave cycle and could see price break above 13839.0 towards 14077.00. And should the price break below the 23.6% fib level, then we will be looking for a possible correction much lower with the next ideal target set around 50.0% fib level and should not break any lower.
Trade Recommendations:
Wait for a correction towards 12866.00 to pick a low risk buy position.
NIKKEI Weekly Review
Wave Analysis
This November, NIKKEI gained value significantly and is currently around 26902. As it is on this chart, we are expecting a possible pullback towards 23.6% fib level, where if the price breaks and closes below this level, then further correction towards 50.0% fib level or even lower is expected. In case the price breaks and closes above 26902.0, then this will be a good place to consider a possible long term buy position expecting price to continue much higher towards 30k or even higher.
Trade Recommendations:
Wait for a pullback to pick a low risk buy position.
SPX500 Weekly Review
Wave Analysis
SPX500 is currently in an active up trend. While the price remains above the three lines of the Alligator indicator, we expect nothing but a possible momentum to the upperside with an ultimate target set around 3722.00 and could breakout much higher. The idea is to watch for a possible correction towards 23.6% fib level to pick a low risk buy position, or further to the lowerside but should not go beyond 50.0% fib level. A break and close above 3722.00 will push the price much higher towards 3800.00 or even higher.
Trade Recommendations:
Wait
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