I covered the 'what if this is counted as an 'abc' down with equivalency at the 1.3155 zone yesterday. Just to show where price sits right now, I have anchored the top and bottom of the regression channel, up from 1.27541, to anticipate a completed pattern uphill. So, price is sat right on the LTL having bounced back up through the 61.8% retracement from 1.31307. Key area me thinks: will the market push back inside or drop out?
Please make sure you have read my disclaimer! This is a personal journey into self-tutoring in technical analysis. Did you read that Disclaimer yet?
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.

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