BUY SPX500 Now
SP500 is in a corrective phase, the market is currently very bullish. As we can see on the char above, the market formed a descending wedge that is expanding in nature, from the beginning of major wave (I),4810.6, to the end of major wave (V),3560.6, this is a bullish pattern. Currently, the price is at a major zone /support zone (3842.1). Again at this same zone, the market formed a double bottom. I expect this pair to buy probably up to 4265.9. You place buy orders now with your profit target at 4265.9.
Trade Recommendations:
We’re buyers 4201.1
Gold Weekly Review
XAUUSD is currently bullish, and the market is in a corrective phase (ABC corrective pattern), as we can see on the chart above the market formed a descending wedge pattern which is a bullish pattern, from the beginning of the major impulsive wave I,(2070.14) to Major impulsive wave V,(1620.34). Although the market has already broken out of the upper trendline of this wedge pattern we can still buy now, our profit target should be at 2017.14. This zone will likely be the end of the corrective phase..
Trade Recommendations:
We’re sellers
Silver Weekly Review
XAGUSD is currently in an uptrend. The market is in a corrective phase (ABC corrective pattern). The market formed a descending channel (Bullish pattern) from (24.594) to (21.458). The market broke above the upper trendline of this channel impulsively and formed a bullish continuation pattern. The market is yet to complete the corrective phase, I expect this pair to buy probably up to (24.016). Lastly, should the price fail to break above 22.619, this setup will be invalidated. Let’s watch the major zone at 22.619, we expect a possible break out.
Trade Recommendations:
We’re buyers towards 24.125
