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

No straight lines today! Price looks to be putting in the test higher discussed this morning and with that move lower to start with, I am running with this being the 'b' wave up now. We are testing yesterday's 50% back at the moment at 8781, so new declines from here would work for me and the 100% extension would be 8542, near the 61.8% retracement line from 8351. Looking for a turn lower to give this strategy credence.



Have added the expanded flat count from yesterday which looks okay too:
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)