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.

Monday 25 August 2014

DAX - price at the 20day SMA

Following on from my last post, price is now in the vicinity I was looking for to go short again. Price is at the 20day SMA, which is for now still bearish, with negative divergence appearing on the stochs and RSi studies and 100% of the prior 'a-b' met. However, the hourly MyWave is still clearly bullish, so no rush whilst waiting for that to start collapsing (or not as the case may be) and 127% maybe the target above or higher. It is a bank holiday here in the UK, so I am not doing anything today, but will reassess tomorrow looking for an intraday set up.

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