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

This is my 30 second chart with 4hr MMA. The 5 waves down on the left are clear to see in that spike. This formation up also looks like 5 waves with an expanding diagonal completing. I have marked out the 85.4% speedline, the 61.8% retracement mark and the time it took to complete the 5 waves up, repeated from the high to a proposed next low. A retracement pattern into that red ellipse for New York open would tick all my boxes.
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