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, 11 September 2014

$dax #dax

I have banked shorts there and riding longs with cover under 9663. I think the 4hr chart shows why a ride up the trend line might at least see a test of 9782 or close by. Of particular interest is the stochastic holding that same trend line and the positioning of the 4hr cycle within that move/possible diagonal and the ongoing negative divergence on the RSi. A break of that trend line will likely see price push on down as discussed earlier, but I am chancing longs until that break occurs.
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