Disclaimer

Disclaimer: This blog should be read as a 'whiteboard' of my daily thoughts and ramblings and specifically not, in any way, advice to trade. My interpretation of the works of Gann, Goodman, Fibonacci, Elliott, Hurst et al; is entirely my own and should be read as such. Any opinions, news, research, analyses, prices, or other information contained in this report are provided as general market commentary, and does not constitute investment advice. I will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

Friday, 9 November 2012

EURUSD: 11.10am

Got to see this move down as another leg in the Ending Diagonal of the C wave down from 1.3171. I have tightened up the perimeters and keep staring at the positive divergences across the charts. T1 has made it above T3 now, notwithstanding the move down in prices, so momentum and trend are changing beneath the sheets. Look out for a stab upwards to D1/D2 and if it makes it across to D3.
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