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 15 December 2014

#dax $dax

The 38.2% retracement from 8351 to the high, sits below at 9427. If price is going to bounce back up again to kiss the regression channel of the move up from the underside or just this downward facing one (see 4hr chart right), then a stretch down to there first would make for a great round trip. At the moment price is mooching around the daily open, so decision time.
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