Dow Weekly Review
Wave Analysis
During the previous trading day on Thursday, the Dow rallied to the upperside and even went above the upper trendline, while the price remains above this trendline, I expect nothing but a possible momentum to the upperside, the anticipated bullish price rally is the continuation of the last impulsive wave (c) and may see the price rally towards 35k.
Trade Recommendations:
We’re buyers towards 35k
HSI Weekly Review
Wave Analysis
During the past few days, HSI has pulled back to the upperside but is still below the 38.3% fib level, this is a significant retracement level and while the price does not close beyond it, I am waiting for a rebound from it to pick a possible long term sell position. The sell will see a break below 16176.0 towards 13980 or even lower. On this flipside, a bullish breakout will push the price upwards towards 50.0% fib level.
Trade Recommendations:
We’re waiting for a sell around 38.2% fib level.
Silver Weekly Review
Wave Analaysis
During the previous week, Silver bounced off from 18.439, headed straight to the upperside and is still showing signs of continuing much higher. On this chart, we are looking for low risk buy positions towards 23.234 and may likely push the price much higher. The idea here is to keep looking for low risk buy position, on the otherside, should the price break below 18.439, then this will be a good place to consider a sell from.
Trade Recommendations:
We’re buyers towards 23.234.
