Weekly Review. NIKKEI, DAX30, Silver | 25 September 2015

NIKKEI

Monthly chart: a continued downward swing. Current bar is located in the August range, i.e., yet we do not have any signals about stop of the downward movement or the return signal. If the swing continues, we shall pay particular attention to probable emergence of long signals around 16403, where a pivot from the penultimate top can show itself.

Weekly chart: received a bearish inside bar. This means that, with a high probability, we will see decline to ​​16528 (pivot zone marked by a yellow area).

Alternatively - formation of a small upward swing. In this case, in two weeks (two weekly bars) we'll see a strong impulse decline deeper to support 14664.

The daily chart Bears managed to arrange an important intersection down. We expect a downward movement to continue. Two strong local support marks - 17379 and 17160..

Expectations: decline to 17379 and to 17160.

solutions:

1) Sales to 17379 and 17160.

DAX30

Montly chart: an upward structure in the phase of the downward swing is being formed. Bulls need to stop the swing no later than at 8336.2 (the last bottom). Otherwise, we'll get all reasons for a full downward reversal.

Weekly chart: Here we have a full downward structure and development of downward movement based on our review of last week (arrangement of a false breakdown of inside bar). It is very likely that support will be under load 8344.8. Although its appearance on Long signal is a very likely scenario, as downward swing would have been long by that time.

The daily chart: an important intersection down from bears. This week support 9323.7 should be crossed.

Expectations: decline to9323.7

solutions:

1) Sales to 9323.7

SILVER

Monthly chart: it is very likely that the upward swing has started from here. The player's task is clear: bulls need to break the last Top (18.46) and obtain a reversal pattern O & U by 14.00 (scenario described a blue arrow), and bears need to give silver corrected reserving resistance 18.46 to enable themselves to sell in the medium- run to 13.00 (red arrow) once again.

Bears, respectively, should not allow them doing it.

Weekly chart: here bulls made preparations for O & U as well, for which they need to break above 15.64 and this looks to be a very likely event. If this scenario is correct, then we will buy after retracement down to 14.35 zone (blue arrow)

Bears, respectively, it is necessary not to do it

The daily chart: non-directional structure here - bulls made up the first intersection, but they need a second one. We are tracking decline. If bears show weakness and will not be able to cancel the first crossing up by their breakthrough of 14.27 - the buyers would have a great opportunity to start breaking up 15.64 again.

Expectations:

1) After the opening of markets, we expect a pullback in the downward direction and weakness of bears around ​​14.45-14.70, then silver will grow to 15.84

2)Variation of the first scenario - growth, but without a pullback. If the price gets above 15.64, we can immediately put Buy Limit orders at 14.40.

3) Drop down from current levels and breakdown of 14.27, followed by decline to 13.96.

solutions:

1) When there are Long signals in the zone 14.40-14.70 - we buy to 15.84

2) With growth above 15.66 - we put Buy Limit exhibit with stops at 14.40 under 13.96

3) Bears might try to sell based on breakdown of 14.27 and take profit around 14.00.