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 30 May 2014

#EURUSD $EURUSD #Trading #Elliott Wave

Been looking over my past few posts and quite happy that my count is still valid - that is we are in a 'c' of 'B', with 'B' being an expanded flat. I suggested that the choppy action was building a diagonal and thus far, that is looking like an ending structure for the whole move. As such, I continue to look for a thrust up with the trend test being my usual 85.4% speedline - the dashed blue line at the top of the chart. This would mean having to cut a lot of FLDs, but that is what they are there for. It is perhaps easier to argue that this trend will continue downhill with other bearish counts, but I'll stick with my count for now and see what any retracement looks like. Flying back today and then some catching up to do with other projects. Hope to be back at the screens Monday.

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