NIKKEI, DAX30, silver: weekly review | 02 October 2015

NIKKEI

Monthly: we still observe formation of a monthly bar, which still has the potential to become inside bar. The nature of the closing will be discussed by us in the next review. So far, the structure has been rising, so current pullback are close to completion.

Weekly: as we see, there were two consecutive identical maneuver - formation of the inside bar and then false breakouts down. The last bar at all is a bull pin, so there is a very high probability of beginning of the upward swing.

The daily chart:we also have here have a usual double bottom and the first upward crossing of the future swing. We expect a continued growth, the main phase of which, of course, can be extended to one more week (we shall recall about an emerging inside bar on the monthly frame). The nearest targets - 18658, 19203.

Expectations: growth in the direction of 18658 and 19203 (with a possible delay of finalization of these goals)

Trade solutions:

1) We shall buy to 18658 and 19203

DAX30

Monthly German Index follows the US one and is moving towards formation of the inside bar. There is nothing to discuss, because in a week we will already have a closed formation. We must be patient.

Weekly: a downward swing is large enough and has reached a significant support zone (9214.2-9308.2). If this zone is broken - a descending front will be strenghened. In the meantime, it is likely to be beginning of the upward swing.

The daily chart: signs of a double bottom, although growth does not look like a trend. Nevertheless, zone 9918.4 has been reached

Expectations: growth to 9918.4

Trade solutions:

1) We shall buy to 9918.4

SILVER

Monthly : Silver can not fall forever, it's not Yukos shares. It seems that the market is testing the bottom. If the month is closed by the inside bar, then there will be serious preconditions for a reversal.

Weekly: attempts had been made for the weeks to force 14.27-14.36 down support and that has lead to one-time decline for mere 36 cents, from where silver jumped like a scalded cat, having made the last week's inside bar with buyers. Note that in the case of rising above 15.64 a bullish Over & Under will be formed

The daily chart: distinct bullish momentum. But resistance 15.64 is very strong, I would not recommend buyers be greedy and take profit at a given resistance. In the event of a break above, we will be able enter according to the rules of the weekly O&U (from 14.36)

Expectations: growth to 15.64

Trade solutions:

1) We shall buy to 15.64.