Messy day after a clean cut morning. Looks like we are in a 'b' wave within a 'b' wave up here. Have gone naked long again, but expect to have to cover close to Friday's high, if the momentum studies top out. For now, no mans land, and if it isn't going down, I want to be long! Although the regression channel off the high is still pointing down, as is the purple weekly channel, that price action suggests more uphill grind first. We shall see....
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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