Weekly Review | 27 Tháng Mười 2017

Deutsche Bank Weekly Review.

Wave Analysis

Last week, wave (i) of the impulsive wave (c) extended upwards towards the weekly resistance zone  20.53 – 20.98. This wave is expected to extend even further upwards towards this weekly resistance zone. A break above this resistance zone  will confirm a further extension of the impulsive wave (c) towards 30.75.We should be looking to buy this stock with our first target at 20.53.This upward move is valid as long as price remains above the weekly support zone 15.61 – 15.96. however if price gaps or breaks below this support zone, we will expect a downwards extension of the impulsive wave (b) instead.

Trade recommendations

Look for long positions to buy this stock towards 20.53.

Bit Coin Weekly Review

Wave Analysis

Bit coin has been in a bullish trend after facing a sharp correction in September. Last week, the impulsive wave (5) extended upwards sharply and hit an all time high at 6099.78. This upward momentum has not shown any signs of exhaustion hence, we expect this impulsive wave (5) to extend further upwards this week. If price gaps or breaks below the weekly retracement level 3640.61, this upwards momentum may be invalidated and price could rally downwards instead. As long as price is above this retracement level, we will look for buy opportunities towards 10000.

Trade recommendations.

Look for long positions and buy bit coin with your target at 10000.

SP500 Weekly Review

Wave analysis.

The SP500 has been in a continuous uptrend since it was registered in the NYSE. In the previous intra-day, the impulsive wave (5) extended upwards hitting a new high. This wave could extend even higher since it is not showing any signs of exhaustion. As long as price is above the daily retracement level 2544.6, we are looking to buy this index. If price breaks or gaps below this retracement level, this upward extension of the impulsive wave (5) may be invalidated and price could rally downwards forming a corrective wave (a).

Trade recommendations

Look for long positions and buy this index towards 2700.0