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.

Thursday, 4 September 2014

$dax #dax

The 60min Mywave is still bullish after yesterday's pull back, inside the upward regression channel, but both the stoch & rsi studies at this degree continue to show negative divergence. With the hourly ichimoku cloud beginning to catch up with yesterday's price action, it looks like time is being burned here rather than price decay. Price could probably go either way with the ECB, but I fancy a test of the gann grid above which ties in with the fibo targets from other charts in the 9700-9800 zone. From there, I'll be looking for shorts again.
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)