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.

Tuesday, 15 January 2013

EURUSD: 10.06am

SMI bounce looked like the right call but overall this top looks like a leading diagonal for 1 or A, then abc for 2 or B, coming to a conclusion. The next thrust could take out D1 and bar the obvious steep retracement back up the underside of D1, we should make progress to D4 initially but hopefully the D2 cluster there. If at some point, the D9 rejection and D7 magnet will take over the emotional proceedings in the market, we may get something less bouncy. D1 break will be a start!
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)