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 25 February 2013

EURUSD: 2.18pm

I have drawn in two possible Speed Line Channels off the two likely candidates for the 'a' wave down from the top. The first 'a' is usually the right one, and is marked in blue here. It has already had multiple touches and if this move up stays an 3 wave expanded flat, we could be dropping fast as noted this morning. Looks a bit short on time for me, so maybe a 'b' down then 'c' up, but with the weekly and monthly Trend Lines looking particularly bearish this morning, it could be hold on tight.
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