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 22 September 2014

#dax $dax

Price has made it back to the 38.2% from Friday's high but the momentum looks tired here on the 12pip range bar study, where MyWave is bearish and the stochs are showing 7 waves up from this morning's low. Any more upside is going to need a reset in the short term, but risks catching another leg lower with this set up, if price makes it below today's open at 9753 and Friday's low of 9778. I think it is going to be a 'b' wave here in the retracement zone as suggested earlier.
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