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.

Tuesday, 19 November 2013

EURUSD

Correction still in progress to downside? If we get a good solid wave down now with all the requisites of an impulse (5 waves and pretty) then this could all be a correction within the ongoing uptrend, following what might just have been a leading diagonal (see yesterday). This flat A-B structure is limiting the downside to 1.3452 at 162% extension of AB, if the count is correct. However, if it carries on up, then I reckon not too far for a 5th wave to finish. Either way, looking to stay short around here until a decision is made.

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