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, 5 March 2013

EURUSD: 8.23am

As price wrestles with the weekly pivot, an eye on the gold line above may be wise. This is the daily DMA and marks a line in the sand for upward acceleration. The second chart shows the daily My-Wave and if that is in a bullish position approaching the daily DMA (it's bear tail) then market intentions are probably clearer.
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