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.

Thursday 28 November 2013

#eurusd

The expanding diagonal in the 5th of the 5th is looking okay this morning with a useful zip up. We still need 5 waves in the 'c' of the 'abc' movement and there seems to be too many legends to fit the space, but they should be there somewhere. The monthly pivot stands at 1.3629, the weekly R1 at 1.36223, the 61.8% retracement of the drop from the top at 1.3623, but the a=c equivalencies range from 1.3650 to 1.3680 ish with various grid lines just above. So, plenty of stops to be taken on US thanksgiving and maybe I'll just hang on in there long till the end of the day or there is some exhaustion move that overthrows the diagonal on both degrees.
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