GBP Coming Under Major Pressure
EURUSD has a new signal potential for our Wave 5 completion pattern, and Dow Jones is at a critical area for more downside.
Similar to the EURUSD, we also had a Weekly trend predictor short in this market and we have seen lower prices this week. Intraday we are getting extended, so look for pullbacks to continue looking for shorts.
We have seen an explosive move higher with the next target of 11307 close by. Getting very extended on intraday timeframes.
The Dow is holding up with the Pro-Trading System next target 25063, which is an area of major resistance as well.
We have a very flat Storyteller indicator signal. Get ready for some wild moves in this market.
Continues to drop but we are sitting right at a support area.
We have been warning you about the 3 wave divergence on the Weekly chart. We saw a big drop in this market yesterday which could prove to be a deep correction.
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