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.

Saturday, 12 March 2016

A possible expanding diagonal on the monthly

Price has so far reacted positively to the first test of the weekly sma200, but a combination of technical studies on these longer range charts suggest there is more work to do to the downside. Whilst the weekly and monthly oscillators remains captive to their own trend lines, the 'wave 4 expanding diagonal' prognosis looks interesting, especially more so, if price fulfils that journey to set up wave 5.



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