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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.

Thursday 23 January 2014

EURUSD: the boomerang rocketship?

http://www.npr.org/blogs/krulwich/2013/04/30/180057507/the-boomerang-rocket-ship-shoot-it-up-back-it-comes





Now if price got held up at the 80FLD, because it needed to seek out its half brother, the 40FLD, is this enough of a visit to get permission to pass on through the 80FLD, next time down? Regardless of the eventual answer, to get to the 40FLD, price has to pass through the 10 & 20FLDs, which will need retesting at some point. The 5FLD was properly tested yesterday, so not too concerned at that for now. The question is though, will the rocket gently re-land, or come crashing down??
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