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.

Friday, 4 October 2013

EURUSD: using cyclic phasing to print the future?

The basic premise behind Future Lines of Demarcation (FLD's) is that by moving a cycle along by half its length, you get a visual representation of what the first half of the actual cycle looks like in comparison to itself, if it repeated the exact reverse for the 2nd half of its cycle. Of course, that is not to say that it will, but by having multiple FLDs over different time frames, you have at least the opportunity to ascertain whether any of them are dominant at any point in time or not, e.g corrective phases! Looking at this rise up into what I am counting as the end of wave 3, the 7day and 14 day FLDs are hanging out in space at the moment to the right. If we assume price is going to fall down through those FLDs and aim for the 38.2% retracement line, one can assume the future shapes of those FLDs - see purple peaks being built (my handywork!!). Now,  'peaks' provide targets for price action to retest its prior pathway later in time. If we assume this is a wave 4 building, that in time needs to burn off some calories, what does the future path of the price action look like if price were to fall through the FLDs at 1.35156 (Harmonic Octave) down to the 38.2% marker and then bounce up into the orange peak and then down and back up into the light blue peak......ummmm, that be a triangle. This suggests that this is wave 3 being terminated and that after the triangle, we will have another thrust up. We shall see.......

No comments:

Post a Comment