We’re Waiting for a Strong Signal to the Downside
We analyse our normal markets and have been spot on with our EURUSD analysis which has now confirmed the start of our wave 5 completion pattern. We could see an intra-day move back to the mean (11650 zone) before we continue lower. After a strong push up in Stock Indices yesterday, we see a day of relief and price retracing back to the mean, with decision time for the DAX. DOW we could be in a wave 4 on the 240 min timeframe, so watch out for that Green PTS signal potentially if we hold current levels. Gold is still trading very slowly and continues its sideways movement, and Silver is at strong Resistance zones.
Wave 5 has started down. Could see an up day, but still looking for Shorting opportunities.