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 19 November 2014

#dax $dax

I'll save the bigger picture charts to the weekend but in short, the
daily chart has popped the Pitchfork I had been monitoring and launched another which suggests a diagonal structure in play on the larger scale. I have translated this down to the 4hr & 15 minute to provide me with a game plan, but I think the overall concept is lots of back and forths with an upward bias. Somewhere in the 9500-9550 might be a good place to cover longs or play for 9350, although any new high today is going to be worth watching, me thinks.
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