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.

Wednesday, 14 November 2012

EURUSD 9.44am

D2 has now been reached along with that Gann line as discussed yesterday. If D2 is breached, D3 is the target. I have drawn in a potential topping line being created by D1 at the moment but I would wait to see what happens at D3. I see the next Gann line at 1.2878 and if price pushes up through D3, it will use this D1 topping zone to lay gently over the back of D3 before pushing onto D4. A push through D2 will create a future topping zone for that too, so need to keep an eye on this next part of the move. If we get a thrust, it is likely a '3' in the wave so we should be able to count 4 and 5 for wave 1 or A up. Catch up later.
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