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.

Friday 19 September 2014

#dax $dax

Running out of trading time today by the looks of it. Price continues to stall at the 9800 zone, with the 38.2% retracement from the 9587 low at 9775. However, the hourly stoch study is looking oversold with the RSi holding bullish and the regression channel too. I have doubled up from the current low to high, using the possible 'b' wave low, although a little shallow; a 100% extension gives us a new high at 10078, so a break of the pink trend line could be swift there-on-after with a clear goal insight.
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