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, 25 November 2014

$dax #dax

After a valiant bounce last night, it looks like price is testing underneath the daily 50% line this morning and MyWave on the 12pip range bar study looks vulnerable. Initial goal is the 50%-61.8% retracement of the move from 9381. Still looks like it could go either way. A pop up may reach for the 123.6% extension at 9869 first.
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