NIKKEI
Monthly chart: bears claim for significant results at the end of the month. All this leads to a high probability for longer time of the downward swing. Rising structure will be quite comfortable at a depth of 16,400.
The weekly chart: Here we have a local downward structure, with two full downward intersections and double top. Therefore, we are waiting for return to 18100, then a roll back to a rising swing (presumably - in the area of 20000), after which it will be possible again to sell based on the drop to 16,500.
The daily chart: identical conclusions.
Scenarious: bottom will be finalized and an upward rollback will take place to 20000, from where we are to sell to 16500 in the middle run.
solutions:
1) Sales from 20000 to 16500.
DAX30
Monthly chart: a downward swing has been formed and achieved an impressive pivot zone 9803.2-10047.5. This may allow bulls to begin to "draw" an upward swing during the uptrend.
Weekly chart:a local downward structure, so main tactics of trade may be sales at the end of the upward swing (approximately - in the area of 1176.7).
The daily chart: an identical pattern - we expect upward swing to the zone 10860.5-11025.2 where sell towards 9217.9.
Scenarious: So, we wait (and miss) the upward swing to zone 10860.5-11025.2, where we sell based on decline to 9217.9
solutions:
1) Sales from 10860.5-11025.2 to 9217.9
Silver
Monthly chart: a main August issue remains unchanged - whether bulls will defend the inside bar and, accordingly, the "double bottom" necessary for the upwad reversal. Only one week is remained to wait.
The weekly chart: Here, on the one hand, there is also a double bottom structure, but on the other - is fully equipped with an upward swing (which allows bears to attack)
The daily chart: a rising structure of the chart, so we wait for he formation of the downward swing to look for the entrance to the purchases. The optimum depth of the swing is 15.00
Scenarious: decline to 15.00 area and then a new upward swing, with an eye on breakdown of the last top - 15.64 and a further growth to 16.20.
solutions:
1) We are waiting for a buy signal at 15.00 and enter up to 15.80 and 16.20.