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, 6 December 2012

EURUSD: bigger picture

Well, until D5 is backtested, we do not know if it is beat or not, but I am looking at the need to test D5, D4 and D6 and the following path could be interesting indeed. We still have a problem with D7 being unfullfilled but that can wait for another day me thinks and perhaps after the D5 projected top (blue dotted line). This latter line only stays in play if D5 gets bullish again. The proposed path keeps all the plates in the air and provides a target for D7's trough to be reined in in the New Year. We shall see.
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)