Please make sure you have read my disclaimer! This is a personal journey into self-tutoring in technical analysis. Did you read that Disclaimer yet?
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.
Friday, 21 December 2012
D1 safely passed and now price massing at T4 - my trend line. D2 should be a straightforward target, but of more interest of course is if D2 can be passed. The cluster of D3,D4 & D6 below, could happen quite quickly, albeit that would require a 262% extension of the 1st wave down.
My-Wave has started to turn now and price sits at the monthly median line. As I said at the end of last week and earlier this week, the wave was 'fat' and ready for plucking. A retracement alone was worth up to 300 pips and we are well on our way.
Merry Christmas everyone and look forward to continuing this journey next year.
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