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, 16 October 2014

#dax $dax

Well no ground given so far - lower highs holding and the stochs are still overbought on the 24pip range bar study. There is a chance of a leading diagonal downhill on the small time frame charts, so the run off the red trend line there could develop as hoped. The 61.8% retracement of today's move up is at 8459, all of which could be contained within the dashed support line. So, although I am short into that line whilst the stochs burn off, a break of the line will be necessary to see my diagonal come to fruition. For now, all possible.

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