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.

Thursday, 15 November 2012

EURUSD 9.46am

Price is moving along. D2 seems to have been tested enough but who really knows? Will be happier when D3 tagged, especially as it provides ongoing credence to my 'Lines in the Sky' methodology. I have drawn in an ongoing regression channel off the low and reckon the path to D4 looks clean - this is the displaced brother of T4 which has been leading the charge and is mathematically tidy in time and price to get back to D4. Recall, D4 & D5 are providing 'bottoming' tension, which has taken over from D6 which looked like it caused the whole correction. Clearing D7 is key. Anyhow, the 'grid' shows another attempt at shifting into the next section above and I have drawn in an inverse head and shoulders to watch out for.
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