Bitcoin BTCUSD
A potentially positive pattern forming with clear moves up from the c wave. We are currently looking for confirmation of an a/b or c, which would then suggest a decent thrust up. Using Fibonacci, 19936 is the first level to watch.
Ethereum ETUSD
A very similar situation on this chart. Looking positive with a potential 5th wave rally.
Gold
I believe it is important to have some gold (in fact Gold & Silver) in the event of enormous financial problems. A situation I believe to be quite likely. Important to have some reserves in a physical form, hopefully, I’m wrong.
Silver
Silver is seeing a decent rally, but the chart is dithering, and not looking very encouraging.
Ftse
Ftse is looking pretty good right now. From an abc, we have now got 3rd of a 3rd. It certainly looks like we are on he way up. Exactly how far, I don’t know. But certainly positive.
Using the daily chart, the Dax is not in the same league, but the pattern is similar to the Ftse. We could have a 3rd of a 3rd wave coming in. Perhaps more upside than down at the moment.
Dow
Similar story for the Dow, 3rd of a 3rd with a thrust. Close to taking out a new high.
Nasdaq
Looking very negative, looking like we are in a corrective wave 4 at the moment.
Trading update for 1st November ends.