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.

Tuesday, 30 September 2014

#dax $dax

Managed to retrace to between the 61.8% and 76.4% of yesterday/this morning's move, which suggests it could have been a leading diagonal in 'a' wave this morning and then the 'b' wave back, but already overbought on the 12 & 24pip range bars studies. Not chancing good gains today and flat again for the night as price comes into yesterday's high at 9506. If it is a 'c' wave up here, there should still be an opportunity to buy weakness tomorrow...or maybe not. Enough for today.
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