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.

Thursday 30 January 2014

EURUSD

This is the MMA wave for the weekly trend on the 15min chart. Note the impulsive wave up on the left and then compare that to the mess that followed. This sums up in one quick picture the conundrum, these spikes down are causing in the market. It is a fractured and without cohesion. When the resolution comes, it is likely to be significant and that December 2004 high at 1.3666 is likely the line in the sand for the uphill storyboard, if it has not already been decided.

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