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 15 September 2014

#dax $dax

The jump up this morning went according to plan, but looks like another connector to me (b or x wave depending on what you want to label it). With the hourly stochs overbought and the underlying MA band bearish (same subchart as stochs), I am looking for a test lower as explained in the weekend report, into the 9500 zone. Buying down there should fit with the 4hr chart becoming oversold again and may see the next leg higher to test the daily chart's pink dashed resistance line - see weekend review.
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