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, 10 October 2014

#dax $dax

Diagonal from last night at the 8900 neckline has morphed into a triangle. The 12 pip range bar MyWave & Cloud appear in correction formation, so if this pattern holds, a drop out of bottom would be at the neckline. As triangles are meant to be penultimate patterns in a wave, I will be looking to ride it down and then look for the turn. Sounds easy when typing!
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