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 28 November 2012

EURUSD: 9.46am

Them 85.4% fib fans! Well, their parallels of the initial 'A' wave or wave 1 to be exact (see Lines in the Sky' report dated 17th November in nav. links for process). I don't call my methodology 'Lines in the Sky' for nothing. The fib fans are only one of the 'lines' of course but this trickle downhill is working its way through a confluence of them right now and in fine detail. Through this mornings low and 1.2878 looks set. But look below 1.2878; bit of a vacuum there to the green dashed line and that is the 85.4% fib fan of the initial move up from 1.2659. That green dashed line is holding up all of this move north so far (albeit with 2 legs already) and is where D3 sits. That is below T4 and T4 is my trend indicator. We shall see.
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