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, 30 November 2012

EURUSD: 2.21pm

Price has cracked D1/4 now and held under D2 at the daily pivot. Hardly conclusive unless you have been following the patterns evolving. D1/4 now being backtested into its peak, which represents the strength zone for the EURUSD. If price action can dribble along here allowing the daily My-wave to turn under the pivot, well D1 should be next. I'd still like to see something punchy down to D3 and then back up to D1 but that is probably just asking a bit too much after this turgid week and T4 sat there at 1.2950 too.
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