Charting the markets: 29 November
With the recent rise in levels on the major Wall Street indices and the Dax, Lee Sandford from TradingCollege.co.uk says that there may be a good shorting trade around the corner. He describes himself as a cautious bull.
Using the Dax as an illustrative point, he is looking for ABC retracement on the recent Elliot Wave formation, its just a question of when that trigger point comes along. He is viewing EUR/USD similarly, waiting for an opportunity to sell now we are the ‘big round number’ of 110. Finally gold, breaking the resistance at the record high may be difficult, but if and when achieved, look for further gains.
Related articles
Live prices on most popular markets
- Equities
- Indices
- Forex
- Commodities
Prices above are subject to our website terms and agreements. Prices are indicative only. All share prices are delayed by at least 15 minutes.
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.