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, 2 October 2014

#dax $dax

Price is mooching around yesterday's low and last month's pivot, but with the 61.8% retracement only 50 pips lower, I'll hang out a little longer. That zone is also today's S1, so might get a little more rejection than this area at the moment. MyWave has been tidied up and clearly continues in a bearish formation at present, within the downward regression channel, having rejected the top yesterday.
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