I have re-jigged the count a little to take out the expanding diagonal and add in an expanding flat. I think the 162% extension makes a lot of sense in testing the 1.3892 high from Christmas and keeps the red dashed trend line in play too. Not much different, but helping me focus on that target if we can see a push past 1.3745.
Now, I might be ill, but them dogs still need walking and it is absolutely chucking it down outside with rain - great!
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.
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