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

Well, that 4th wave was still within yesterday's wave and I am counting it as the 3rd in the 5th drawing to a conclusion. So, the retracement I was after should be next but is likely to be another relatively flat affair me thinks. Anything south of the daily pivot will see me closing some shorts and looking to cover the rest, in leiu of a 5th of 5th up in either wave 'C' or perhaps a wave 3. Anything that looks racier than a 4th probably means it is all done, but I'll keep my options open and see what this afternoon brings.
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