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 20 October 2014

#dax $dax

Price is peppering the 123.6% extension laid out on Friday, but may yet reach for the 162%. With the stochs overbought, into a bearish cloud formation, I am looking for MyWave to get tested to the downside. A 50% pull back towards 8617 would be just fine to be looking for longs again, or lower if possible. At the moment, price is playing with Friday's high, so a bit to do to confirm it is ready for a test lower, and I might be looking at shorts from higher up instead.
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)