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, 10 December 2013

EURUSD

Price hit the a=c equivalency targets for both the move from 1.3294 and 1.33984, as well as retracing 88% of the move down from 1.3831. The latter would satisfy a 'flat' correction overall if the leg down were to play ball. We have a throwover of that pink dotted trend line with higher volume, have met the price envelope perimeter and leggy overbought momentum studies. So basically, no change from yesterday; looking for a fall to clarify the overall structure, accepting that for now, pretty much all of the MMA waves on all degrees are bullish.

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