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.

Tuesday, 21 October 2014

#dax $dax

The upward ratchet continues but with little momentum, notwithstanding that volume spike of late, and with negative divergence on the ADX. The 'tested' supports today were 8642 where the retracement ended and 8790. Looking to buy a test of 8790 or 8716, if 8864 can be broken first, whilst the channel remains northbound. Otherwise it is up to 8938 first, and then back to 8864 or 8790 to buy.
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)