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, 9 October 2014

#dax $dax

Contracting diagonal occurring at the 8900 neckline of the very well discussed H&S pattern. I do not believe the pattern is predictive but does give some weight to the market decision at this price of course. Anyhow, RSi positive divergences appearing on my daily & 24 pip range bar studies, so I'd like a jump out of the top if possible to at least test the blue resistance line above. However, with that cloud to be burnt off, it might take a grind down instead. Can only follow the price.....
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)