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 27 November 2012

EURUSD 9.24am

Price is resting on D1/4 which has been a very good long indicator this past week, albeit only for small moves generally in this wave up and why I suspect the bullish count - only suspect! Anyhow, a break of D1/4 will also break the trend bottom of that diagonal I drew in (not necessarily a diagonal but drew in perimeters anyway) and also start to tease the daily My-wave downhill, underneath the daily pivot. Initial target should be D1, then if it passes that D2. Given T4 is riding uphill and is my trend indicator at the centre of the price envelope I use, that will be my initial short target, near D2. Price action around T4 should be explanatory in someway and I'll post again when we are there
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