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 27 June 2013

Dow

Pre-UE claims type price action but also 'end of correction' type behaviour too (or part of a correction anyhow). I have been using my time to map out Pitchforks across differing timeframes to provide a joined up storyboard that works with the bollinger bands, momentum clusters and Cyclic Phasing. I have added in diagonals to the parallel 'AB' lines based on 50% & 100% of the A-B formation time to provide grids. Very interesting indeed as on each time frame the grid is rebuilt to the consequential 'A-B' that is relevant, providing an ongoing dialogue with actual price action. I won't add commentary to this chart other than to note the grid square/diamond we are in, whereabouts inside that square price sits and how the momentum cluster and the diagonals might interact to provide an Elliott Wave count going forward.

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