The Next Key Major Market Moves, Uncovered!
"Money couldn't buy friends, but you got a better class of enemy." ~ Spike Milligan
The following Intra chart update went out to members of TradingMarketSignals.com and has been exclusively made available to the safe haven audience. Thursday 11th November
Chart 1 Euro Four Hour Chart
We gave a sell signal at the top, a sell signal formation via our new intra charts and a sell signal via our TMS Position signals. If you got in at any point over the last week you'll be feeling rather cheerful. From the highs the Euro has fallen around 600 points!
It is now obvious that the trend Red Channel snapped and even had the cheek to touch it again before falling further.
The shape of this decline is further signified by the yellow downward trend line.
Although we would state that the trend has snapped to the downside there is an outside chance that the price action is to be contained within a wider channel in which you can notice a maroon line has been brought into action. If the Euro doesn't curl up soon and burst above the yellow line and then the red channel itself then it is likely that price will head towards this maroon channel in which the channel will simply become wider! If this goes then considered it confirmed that the upside has been snapped and the room below opens up in which price can move directly to 132!
Chart 2 Dow Jones 1 Hour Chart
It is obvious that the red range channel discussed in previous charts snapped to the downside in which many of you have enjoyed this downside. The price had the cheek to touch the bottom of this range continuously before falling further down. TMS stated to you all that this upside breakout was likely to be a fake out and the breakout from the point where it occurred will close within days and this is what has happened as you can see by the blue line!
What now? The movement of downward price action has occurred within the downward sloping yellow channel and price can only rise after it break this to the upside but it also issues at the orange line brought into play. Consolidation could occur but the next move will likely occur outside of the yellow channel unless we simply move lower slowly with the yellow channel as we have been doing recently. Snapping the recent low at the previous breakout level could well be detrimental for the recent up move in which further decline would be likely. 11,000 seems like it will be met again. Many of you are feeling happy as you have entered in line with the TMS system and the short signal has been rewarding!
Chart 3 GBP 1 Hour Chart
We stated the price could well move up higher and no doubt it did. From our original red channel the decline has since recognised the wider maroon channel. Price is in the middle and for the Sterling going back to the highs or the lows are both probably scenarios at this stage!
We would expect downside and the reaction of the next bout of downside will likely occur from the price interacting with our three yellow circles shown! The price needs to snap the yellow line for the Sterling to double its downside and head lower.
Chart 4 Crude Oil Four Hour Chart
In our previous charts the Range action was shown in which we labelled the next move. Price broke out higher and has given a quick 100 point gain. Entering at the green circle where price broke out was a real nice move. Oil can now move higher in which another opportunity lines up at the green circle. Downside will emerge if the breakout folds at the red circle.
These are key parameters for the next big move!
Chart 5 Gold Four Hour Chart
Many of you have emailed in as we nailed a $40 decline which no one could really see how it was going to actually develop.
In the previous chart we showed our indicator in which price had moved to over extended levels and from 1420 price move to 1380!
The situation at present is fairly simple. Gold is being supported by the green line and the next big move will likely occur from a breakout of our yellow triangle that we have marked out! We would favour downside but nothing is stopping this metal going either way over the short term.
From Monday-Friday during the trading week, we provide charts such as the above with invaluable remarks that go onto unfold major key moves almost instantly. TMS also updates members with its commentary and charts for wider timeframe moves. Last but not least, we provide you with real time TMS system triggers for short-medium term moves and position signals for major moves that can last for many months in relation to trending markets.
For the first time ever TMS has made a 6 month subscription package available to our global audience in which an exclusive rate has been issued for a limited time only. TMS will only allow for the availability of 100 places, 39 now remaining. TradingMarketSignals.com 6 Month - Exclusive
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