CAC40 Weekly Review
Wave Analysis
According to the Alligator trend indicator attached, we expect nothing but a possible momentum to the lower side. As long as the price remains below the Alligator trend indicator attached, I recommend looking for long term sell orders towards 3655.5. The anticipated bearish price is the continuation of the impulsive wave (v) and should break below 3655.5 towards 3555.00. As it is now, I recommend remaining flat and wait for a break below 3655.5 to confirm that we are indeed downwards.
Trade Recommendations:
We're sellers.
Gas Weekly Review
Wave Analysis
Gas is currently trading within a contracting triangular formation. As long as the price is held within this shape formation, we are waiting for a bounce from the upper trend line to pick a sell and a bounce from the level 1.824 to pick a buy. A break below 1.824 will mean we are continuing to the lower side with an ultimate target around 1.635. and on the Flip side, should the price break above the upper trend line then further momentum to the upper side is expected towards 2.025.
Trade Recommendations:
wait for a possible buy from 1.824.
ASX weekly Review
Wave Analysis
The corrective wave (iv) ended around 5647.0-5559.8 and could not continue any higher, we expect this bounce to have marked an end to the corrective wave (iv), that the current bearish price rally is the continuation of the impulsive wave (v) to the lower side and should break below 4857.8 towards 4496.0 or even lower. As it is now, I recommend waiting for a break below 4857.8 to pick a possible long term sell order towards 4496.0 and could continue much lower towards 4310.0.
Trade Recommendations:
Sell break below 4857.8.