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, 6 November 2013

EURUSD

As discussed yesterday, if yesterday's high is not taken out, then this has increasingly the look of a 4th wave triangle. As this is a continuation pattern, we would expect a drop out of the bottom in due course, but then a distinct move up. I would prefer a zigzag wave 4 higher before a 5th wave drop, but if the market does not want to play ball, what can I do? Let's see how this plays out.

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