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.

Tuesday, 8 January 2013

EURUSD 8.04am

So far so good. D2 had been working through a bottoming formation and is on the wane now, allowing D1's topping zone to pull price down. The intra-weekly My-Wave is still bearish but D3 is also working off a bottoming pattern and therefore the depth of any retracement here may be held up by that D4/D6 confluence below and the regression channel perimeter. The 30min SMI looks tired already, so keeping my wits about me here, I hope.
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