NIKKEI, DAX30, silver - weekly review | 30 October 2015

NIKKEI

Monthly: as we see, no inside bar was formed, the index surged without consolidation. It is quite possible to lead to a breakthrough to new highs (in case of a continued upward structure). There can be only one confirmation - breakdown of the last top (20969)

Weekly: Here we remember that the structure has two consecutive intersection down, i.e. downtrend. To break it, bulls need to break through the top 20934. Reaching of any mark below the mentioned means that the bearish mood of the market remains in force.

The daily chart: potential locally-rising structure has te hfirst crossing upwards (two required), but nature of the movement suggests that it will happen. We will enter up at the end of the downward swing, which may take the whole next week. Movement below 17651 is impossible. That will break attempts to go upward.

Expectations:

1) a roll back into the zone 18115 and growing to resistance to break through 20934.

2) the alternative plan - breakdown of support 17651. This will break the local upward trend and we will have to discuss it in the next review.

solutions:

1) Buy from 18115 to 20934.

DAX30

Monthly: the price also did not form the IB at the end of the downward swing, which potentially marked a strong bullish momentum. To confirm uptrend, it is necessary to break up the last Top (12425.6)

Weekly bulls try to cancel two intersection down in row within the frames of descending structure by the break above the recent peaks (16808.5). If they do not succeed - the price can start a new strong swing down. But the character of the movement up is very aggressive, so a probability of turning up is very big.

daily: we have the first crossing of the structure up (among the required two), so everything will be defined by the downward swing, which can not break the last bottom(9886.5). The upward swing still does not look exhausted. There is a potential of the upward movement to 11026.0 and 1171.9.

Expectations: So, we're waiting for finalization of the area 11026.0 and possibly 11171.9, where will be the downward swing in the zone 10528.6, where, in its turn, we will search for entry points the up next week.

solutions:

1) We are waiting for a signal to sell in the area 11026.0-11171.9 targeting 10528.6 2) If the first scenario works, we look for buy signals in the area of 10528.6.

Silver

Monthly: Only the break above 18.46 can turn the silver up,which will form the bullish pattern Over&Under (with the entry point to purchase 14.34). As long as 18.46 is not broken, the general downward structure is saved.

Weekly: here we already have bullish O&U to the entry point to purchase on the penultimate bottom (14.36). In addition, at the end of the upward swing there is a good IB allowing to sell to the point under O&U from current levels.

The daily chart: also excellent signal to sell silver - the inside bar and then up a false breakdown.

Expectations: So, we wait for a decline from current levels to 14.36, where it is possible to place limit orders to buy within a week under O&U

solutions:

1) sales from current levels to14.36

2) buy from 14.36 with the medium-term goal 21.60 (reached for a few months, as the pattern of the frame is weekly, which requires at least another week to fall to its point of entry).