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 24 pip range bar study continues to sport an upward bias on the stochastics with volume spike into the close seemingly defending that basing from yesterday afternoon, which was at the 38.2% retracement of the move from 8351. I still have a bearish MyWave there, so need price to get above 8762 to give the bullish case a chance, if even just for a 'b' wave to test that top at 8883. For now, the basing area from yesterday is being tested, but I expect a push higher to clarify the count.




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