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.

Monday, 4 November 2013

EURUSD

As we go into US open, this is where I have got to with the move today. Everything still on track for a pull back in the 'c' of 'B', although it will be interesting to see how the 8hr-1day MyWave responds to the next drop. It is currently stacked uphill and something punchy may not be enough in time to turn it - perfect slingshot if that be the case later. It could also still be in a 4th wave triangle in the 'A' up.

That drop to the 61.8% line would correspond to the diagonal UTL on the 5pip range bar chart and again, sits well for a 'C' wave up or anything bigger in due course.
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