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.

Monday, 7 January 2013

EURUSD: 1.53pm

Do read the weekend summary for the background here. We are coming into the D2 topping zone and D1 bottoming zone. From the daily charts we know price has been working both the D6 bottom and D7 top consecutively, so lots going on. My thesis is that if D6 holds and now D1 to the downside, then we should see D2 et al come into play. There is no bottom signal coming into view yet on the 4hr SMI forecaster, so looking forward to a reasonable decline unless D1 is retaken to the upside for a move to D6. Is this check or checkmate?
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)