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, 16 October 2013

EURUSD

If that was an 'abc' up from yesterday's low, then c=a already. However, price has got away from the 50 period Hull MA which is still hooked up and the momentum study on the Range Bar chart is half cooked so far. Therefore as per this morning's post, I am expecting a longer corrective pattern across the face of this head and shoulders neckline and will bank a 'b' wave down now that does not penetrate yesterday's low with venom. Fingers crossed.

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