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.

Friday, 20 December 2013

EURUSD

I suggested this morning that the move down from 1.3810 on Wednesday may have only been 'a' of big 'B' and therefore we may be getting a 'b' wave consisiting of an 'ABC'. This 'b' looks to have had an expanding diagonal in the 'A' wave and I reckon the 'B' will run to the 38% retracement line of 1.3294 to 1.3831 at 1.3609, or close to it, before rising up. The first move down this evening in the 'B' wave looks about right and now hoping to get the rest before I go out for the evening!
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