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.

Friday 21 November 2014

#dax $dax

Price fell short of the 38.2% retracement yesterday, probably leaving a number of bulls waiting in the queue. If that was 'b' of this move up from 9126, then the 100%-123.6% extensions sit up at 9780-9875. However, I'll wait for a pull back in the 12pip range bar chart. Given the shallow retracement that set this last leg up, I'm am looking for something deeper towards the 50-61.8% to pick up the longs.
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