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, 13 December 2012

EURUSD 6.55am

So although I had drawn in the rise up and over D5 last week, I have amended the chart and count to show a steeper drop. Why down? Because by retaking D5 to the upside, its sequential brothers are D6 or at a push D7 - where are they sat in this chart? If price were to go backwards in sequence to D4, where is that sat in the chart. Effectively, price being above D5 is out of sequence mathematically and I for one want to see it proved!
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