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, 18 September 2013

EURJPY

If the daily triangle thesis is not the actual outcome unfolding, but the 'B' wave contracting diagonal or flat, then the current count shown here might be interesting. That strike down would be the 'b' in 'B' of ABC down (or 1-5). This would mean a 'c' wave in 'B' up now nearer the 133.361 high (or higher if an expanding flat overall) and then the next chunky leg down in 'C' or '3'. I like it: makes sense of all this slurry of late, if it has all been a 'B' wave. My preferred option for the moment I think. It gets me back to 133 long, which has been my goal for a week now, so fingers crossed.
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