Members Education And Market Updates
Markets at big resistance levels meaning potential reversal areas
Markets coming into Resistance areas
There are some markets coming into resistance areas. The EURUSD still needs some direction, Stock Indices are mostly around resistance areas, and USDJPY at big resistance level as well. If we see this level being respected, we wait for our PTS signal and could potentially see a huge profit if we get our signal.
We have to wait for Red PTS to trade in Weekly direction, otherwise, we need to wait for StoryTeller to change Momentum to start looking for longs.
We are currently in a pullback right at major resistance levels on the daily timeframe. Wait for Green PTS for continuation to the upside.
The Dow is at major resistance levels. Look intraday for potential reversals.
Do we see a fakeout breakout in this market?
Still making higher highs and higher lows. Need to break above 1235 for confirmation of potential Wave 3 to the upside.
Coming into resistance levels to the upside on this markets. Wait for Red PTS to trade in direction of weekly Divergence.
Interesting Market Moves Ahead
Interesting Market Moves Ahead
There are some interesting market moves ahead. The EURUSD needs some direction, Stock Indices are in interesting areas, and USDJPY could have a huge potential profit if we get our signal.
EURUSD Daily
USDJPY Daily
We are currently in a pullback on the daily timeframe. Wait for Green PTS for continuation to the upside.
Dow 240 min
The Dow is holding at 76.4% Fib retracement level. Do we see Red PTS at current price level on this timeframe?
DAX Daily
We are at the top of our Symmetrical Triangle and overbought. Do we see the Downside we have been waiting for?
Gold 240min
Do we see the Bounce from previous update coming from current level on this timeframe?
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Nice Drop Down in Dow
Nice Drop Down on the DOW
We’ve had a nice drop down on the DOW. Let’s take a deeper look at the daily and weekly time frames. I’ll aso cover what my years of experience has seen with symmetrical triangles, ending diagonals and channels and how we can apply this to the DOW.
We have met the profit targets on the PTS and holding here at these levels. Trail your stop order.
The ending pattern we discussed produced some nice profits this morning. Is this a much bigger move in the bigger picture. We have a lot of support to get through but we think it is.
We have seen some selling pressure this Friday morning. The Daily could be making a lower high. Wait for PTS red signal.
Targets met and a potential pullback coming.
Gold bounced at the 1212 support mentioned on Thursday. Do we have more upside in this bear market?
19th July – Ending Diagonal Pattern and 3 Wave
Stock Indices are vunerable for a big decline
We are starting to see further evidence that the Dow and other indices could fall today. On this update we take a look at the pattern that has set up in the Dow and also take a look at Gold and oil.
EURUSD Daily
GBPUSD Daily
12993 target has been met. 12749 is the next target but there are no garuntees it will get there.
Dow 240 Min
The Dow has an ending diagonal pattern which means lower prices.
DAX Day
Next target is 12818.
USDJPY Daily
11307 profit target has been met.
Gold Daily
Continues to fall with the next target at 1200. We do have some support at 1212.
The above charts, images, copy, and video belong to Trading College. Photocopying and further distribution of this information are strictly prohibited. The information contained in the service is expressed in good faith. Trading College service is purely educational and is therefore not regulated by the Financial Conduct Authority.
DAX Trend Predictor Signals
Tech took a hit yesterday – big moves setting up
With Netflix taking a hit after earnings last night, we saw the Nasdaq drop hard. But we are already seeing cracks in the indices and with the Dax giving us 2 Trend Predictor short signals on the Weekly – it’s time to be cautious. There are big moves setting up, let’s take a look at the charts.
EURUSD Daily
GBPUSD
Same as the EURUSD. Maybe time for a drop in Cable as the Dollar may strengthen if indices fall. We will wait for fresh signals.
After Netflix earnings drop the Nasdaq fell hard as most of the other FANGS fell with it. We have a 3 wave short signal on the Weekly so this could put this leading index under pressure.
We have a Trend Predictor short signal.
FTSE Daily
Starting to look weak, so waiting for a Pro-Trading System red short signal to confirm.
