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, 11 June 2013

GBPAUD

Another 5th wave extension? The waves are all in 3's, all overlapping with the wave 4's coming down into 1's territory. I'll be putting this count on my wall, when it breaks, for posterity. Anyhow, contracting diagonal to finish off the expanding, which in itself was the ending pattern of a 5th coming out of an expanding. All a bit dubious, I know, but my interpretation is still that we need to descend into the 100day low.
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