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.

Monday, 24 November 2014

#dax $dax

Almost at 100% extension there this morning already to complete gold 'a'. Obviously, that is a clear 3 legs up to make 'a', so it could in fact already be blue 'C'. But for now, once this 'a' completes, I'll be looking for 50-61.8% back to see if we get some traction. Hopefully, the price action will help determine a 'b' wave is in play or otherwise. So, maybe a bit of topping out here and then down for a bit in 3 waves till matters become clear again.
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