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, 28 October 2014

#dax $dax

Given the insipid reaction to the drop yesterday, probably safe to assume that we are in 'b' of the retracement off yesterday's high and in the 'b' leg of that. The 3hr chart looks like a good bed/ ichimoku cloud for price to nestle into, with 'c' leg targets of 8722-8634 (50-61.8%). Overnight price action seems to have nudged higher again past 8938, but looking for strength to sell as long as yesterday's high holds.
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