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.

Tuesday 13 November 2012

EURUSD 6.35am

Ending diagonal appears to be complete with 5 waves inside the perimeter walls, having reached the 127% extension of the first wave down from 1.3171. Looking for that punch out now and a quick move to D3 to get the next leg up going. We have had 3 legs down from 1.3171, so for now the wave 4 of A or the B wave of ABC up from 1.2041 are still on, although I tend to the latter. However, if we get a consolidation pattern instead of an impulse that takes out 1.3171, well maybe we have wave 4 down of 5. Best keep the options open until the market knock them off the list - my days of doing that for the market are well and truely over!
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