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, 27 October 2014

#dax $dax

Price got stuck and market needs to make a decision. There appears to be lower time frame H&S for up and bigger ones for down. Who is zooming who??  8938 is still the key line and sits just above in the regression channel from 8351. I have locked the channel top into this morning's high and as can be seen, up or down should seal the argument. But for now, I am still leaning long but cover just under the channel lines there.
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