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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.

Wednesday, 7 November 2012

EURUSD 8.09am

Quick one here with the school run but given everything has gone according to yesterday's write ups, perhaps refer back in the interim: Chart1 Chart2 Chart3 Key now is the move into the purple D1 trough. I reckon we just saw the completion of a 'c' wave in an expanded flat wave 4, but the location going into D1 suggests that we either get a shallow 5th wave for a marginal new low at 1.2742 or a 'b' wave to drag the correction out longer. Wave action is our key.
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