Looking like a flat to me to extend the retracement in time but not distance. I got equal legs at 9553 but price is/was almost there and the stochs on the 12pip and 24pip range bar studies are looking tired now. Not expecting much to happen tonight but positioned net short just in case. Would be happier nearer 9400! Catch up over the weekend.
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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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