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.
Monday, 9 December 2013
EURUSD
The longer this nothingness goes on, the more I have to listen to my 'it is a 'b' wave' noise in my head. If it is a 'b' wave, it is likely an irregular flat, where the 'b' wave is higher than the 'a' wave. The tumble down hill is then confused as the beginning of the next wave down, when it is the end of the correction. I have had a look at the near term count, and it seems to make sense, with price just about making it to the daily pivot before going up again. It is likely that if this is the case, it is a 'b' wave overall with the diagonal up from 1.3527 being the 'a' wave. Anyhow, here is my attempt at making sense of this. Still short till I am not!
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