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, 10 January 2013

EURUSD: 7.23am

The last time D2 was cut to the downside was the 2nd of January after a failed pop up. Last night was the first test since then and it has been cut back to the upside. Given D3 is just shy of the first D2 cut position and at the head of the expanding diagonal pattern, I am keeping my hopes alive for a 'c' wave up. However, the cluster of T4, D1,D4, D6 and bolly SD band '1' above, is the first battle ground, so catch up later if price gets there.
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