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, 11 November 2014

#dax $dax

Price has jumped into US opening and is sat right under that Pitchfork from the top. Counting 5 waves up into each 'a' wave in this EW count, and correlating the stoch dip into the 'b's, suggests that we are in 'c' of 'C' or deciding whether 'b' of 'c' of 'C' is over yet. Given the tendency for small connectors in this drive up from the 8351 low, and the placement of price under this resistance line, I wonder whether we are going to see another spike. If so, I reckon the 162% extension at 10038 might be a wave 3 goal here! I am obviously bemused by the small 'b's and would prefer something more substantial to base the counts on, but just in case......

Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)