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

Well, that looks like a pull back to me, and given the reaction on the 24 pip range bar study, it is possibly a 'b' wave back correcting the 8351 low. Given also that the ADX line is moving lower in the sub chart, I am looking to be long above the blue dotted trend line - just gotta feeling, it could pop hard and that 162% extension at 8971 would be my target.
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