Analysis

The exciting new ideas we've been thinking through lately has taken front seat on this blog this last week. As a result we've neglected to analyse price using our established principles and patterns.

We go through the main pairs today describing the structure currently present and the probability landscape surrounding price. The key distinction made to our system is the reference to our s-wave entry pattern. This pattern in its multiple forms is now expressed as an 'event'. The s-wave across its forms and scale is in one extreme sense a form of structure but in its other extreme a form of momentum. The amorphous meaning that is revealed primarily through context separates an s-wave that produces more structure to an s-wave that presents an opportunity. These opportunities are 'events' and will be referred to as such from now on. This is in contrast to structure which will be referred to as such or as 'resolution' when the structure developed increases the precision of our analysis.

The eur/gbp is the most concrete pair. It is currently developing the tail end of s-waves. We are looking for an event from a bounce off 0.8653 to the downside.

Good Trading.