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.

Wednesday 30 January 2013

GBPUSD: 10.18am

D1 looks to be holding. I am looking for a move to D3.
This is the 'Weekly My-Wave'. A move to D3 would mean price has cleared the Wave (turning bullish) and the Gann line 1.5908 would be a great confluence with D3. Would expect consolidation back into the wave for a bit from there.
This is the monthly My-wave with just D6 showing (monthly displaced trend cycle). Note how it is into its peak (bottoming cycle). This is why holding D1 to the upside on the first chart looks interesting as we should be able to follow the journey back up to D6.
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)