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.

Wednesday, 5 November 2014

#dax $dax

Price seems to be looking for that 9300 line. I have the 'c' leg 162% extension of this move up from yesterday at 9301 and yesterday's high was 9318. So unless this is going to extend, I am going to assume the correction down is not over. Even if it is, I am looking for a 'b' leg back to test yesterday's lows. So whilst the stochs look like this on the 10 mi chart, I'll short any confirmation into 9300 -9320 zone, especially whilst MyWave is undecided.
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)