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.

Wednesday 18 December 2013

EURUSD

The alternative pattern discussed already is the triangle. Here is the 4hr trend cloud with a daily Bolly (20x2.25/2.5) overlay. The target zone for a last kiss goodbye would be 1.3890, which is also the next 22.5degree step up on the square root progression chart. A thrust out of the triangle to 1.3890 in 5 waves with an ending diagonal at the end. Could it happen? Could be. Just trying to be ready.


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