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, 13 October 2014

#dax $dax

Price squeaked the 50% retrace and has started popping above the regression channel down from today's high. If that was 'b' back completed, then a 100% extension would be 8957 - lets see what it does around today's highs again which is the 61.8% extension of the current proposed 'a-b'.







Here is the same picture on the 24 pip study, with updated count from the weekend. Price is right at the trend line from 9519 (B top - see weekend count) and above today's high is of course H&S neckline at 8900. Break the trend line first up to 8900 and back to the trend line would at least be tidy!
 
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