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, 8 September 2014

$dax #dax

On the 4hr chart, the Pyrapoint line at 79degrees up from 8902 is seemingly holding after a test at 9746. The next line up at 11.25degrees stages is 9870 where the channel top and pink dashed line will coincide with the top of the volatility range. The green circle lower down in the chart suggests where buying demand on this time frame may sit. In a perfect world, I'll get shorts at 9870 with a reaction down to 9500-9600 to shake the channel perimeters both sides. So, the game plan is to short again into this higher target or buy into the lower one. For now, hand sitting.
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