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, 28 December 2012

EURUSD: 3.08pm

Looks like we may be close to another drive down. Overlap city this, all the way! Joining up the turning points suggests an expanding diagonal in the 'C' wave. Would like to get down to 1.3020 ish with next drive down where a number of important points collide. As long as price stays under the daily pivot and T4, I'll keep shorting.
This is a more conservative count but looks possible as 'iv' is meant to overlap 'i'. Looks compressed but 5 waves down in a 'v' the and I'll take shorts off higher if need be.

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