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, 9 October 2014

#dax $dax

Market testing the trend line down from 9892 - still looking for price to test the 50% back zone nearer 9060, where a decision will be made on whether we are continuing lower to the 8900 area or another leg up is due. Short into that 9060 zone and reassess. For the moment, both the 24 pip and 12pip range bar studies are holding bullish but a pull back to the 50% zone will turn the 12 pip study bearish, so no rushing into longs from there until matters clarify.
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)