Weekly Review. NIKKEI, DAX, Silver | 20 November 2015

NIKKEI

Monthly chart: the upward swing is ready, so far there are no clear signals that it would stop, but the bar is only half formed and still everything may happen. To maintain the overall bullish trend, it is necessary to break the last Top (20956), for downward reversal - we need breakthrough of the last bottom (16883).

The weekly chart: downward structure, ready upward swing and a great bearish pin from a strong pivot zone - is a wonderful bearish setup! You can sell with stop orders above 19880 and target 16883.

The daily chart: so far, rising structure is maintained, but the downward swing is certainly not over. If the bottom 18657 is broken - downward reversal would be provided.

Expectations:drop to 18657

solutions: sales to 18657 and below

DAX30

Monthly chart: first signs of weakening of the upward swing. If the downward movement breaks support 9301.5 - the index can turn down in a more active way.

The weekly chart: the first intersection down of the new downward swing, so we wait for continuation of the same trend, and it is very likely that this swing will break the last bottom (9301.5)

The daily chart: bearish pattern Over&Under and it is not quite clear whether we can say if it is already in action, or we will have to wait another pullback to the penultimate top (11003.3). This because the pattern was originally formed without swings (simple intersections), and being in such a mode, it was re-formed, but with the help of full swings.

Expectations: drop to the area of 10000.0

solutions: sales to 10000.0, which, if reversal is confirmed, can be kept much lower in the medium term.

Silver

Monthly chart: Bears aggressively prevent bulls even from drafting their own own swing, not to mention the reversal. We need to wait when months bar is closed to make the full findings in this respect.

The weekly chart: the price has reached starting zone of the bullish pattern O&U, but approach to the area is very aggressive. Buying here is danregous. But, nevertheless, as long as the last Low (13.96) has is not broken, we consider exactly buying and turn up.

The daily chart: the only sensible argument for purchases (except the weekly O&U) is relatively small stop. We have to try. Or wait for confirming Long signals on younger frames.

Expectations:

1) growth from current levels towards 16.00

2) With the breakdown below 13.96 - perhaps even greater drop breaking stop orders of buyers.

solutions:

1) Buy from the current levels with stop at 13.96 and goals from 16.00 and above.

2) Sales are possible aiming the breakdown of 13.96. Goals are unknown, so we need to take the profit without greed, on any signals of correction.