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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.
Could be, but I prefer a flat correction or just to stress everyone out, an expanded flat as a 'B' wave rather than the 4th wave triangle. I'll be banking near 133.89 today and watching for a bit, if we get there, or unless there is some obvious impulsing going on to put stops behind. That will have been a big day for me if this pans out and hope for you too.
I am flat after hedging my shorts, but my core long term view remains short so I won't ever trade the market from the long side, just hedge and unhedge the shorts. I am wondering what will happen if we break back into the triangle, close there and whether we could see an impulse move lower?
Thanks Clive, as ever you catch the up and downs really well which for someone with a long term 1000-1500 pip angle is a really useful viewpoint to read.
Hi Clive, given we are testing the breakout from the triangle, if we go higher do you believe the triangle was in fact valid?
ReplyDeleteCould be, but I prefer a flat correction or just to stress everyone out, an expanded flat as a 'B' wave rather than the 4th wave triangle. I'll be banking near 133.89 today and watching for a bit, if we get there, or unless there is some obvious impulsing going on to put stops behind. That will have been a big day for me if this pans out and hope for you too.
ReplyDeleteI am flat after hedging my shorts, but my core long term view remains short so I won't ever trade the market from the long side, just hedge and unhedge the shorts. I am wondering what will happen if we break back into the triangle, close there and whether we could see an impulse move lower?
ReplyDeleteAs ever, the next leg up will clarify!
ReplyDeleteThanks Clive, as ever you catch the up and downs really well which for someone with a long term 1000-1500 pip angle is a really useful viewpoint to read.
ReplyDelete