German Stock's Index Weekly Outlook:
Wave Analysis:
During the previous trading day, the German stock's index ended up closing as slightly bullish indecision candle. As long as the price does not clearly break and close above the upper trendline, we are expecting a possible rebound from the immediately trendline to pick a possible long term sell position towards the upper trendline. If the price breaks and closes above the upper trendline, then further momentum to the upper side is expected.
Trade Recommendations:
We're watching for a rebound from the upper trendline to pick a possible low risk sell position.
Gold Weekly Review:
Wave Analysis:
During the previous trading day, gold markets rallied to the upper side an is still showing signs of continuing much higher. As long as the price shows sustenance above the immediate lower trendline. I expect nothing but a possible momentum to the upper side, the idea is to keep looking for low risk buy positions. And in case the price breaks below the lower trendline, then we are looking for low risk sell positions towards 1644.89.
Trade Recommendations:
We're buyers towards the upper trendline.
HSI Weekly Review
Wave Analysis:
During the previous trading week, Hong Kong Stock's Index rallied to the lowerside and is now above 19,186.8-18,498.9. As long as the price remains above this zone, I expect nothing but a possible momentum to the lowerside, if the price breaks below the level 18,498, then further momentum to the lowerside is expected with the next ideal target set at 12,811.6 and may breakout much lower.
Trade Recommendations:
We're selling a break below 18,498.9 towards 12,811.6.
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