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.

Sunday 12 April 2015

Dax review 12th April 2015



The blue arrows highlight consolidation lows in this uptrend since the end of 2011 on a daily price bar chart. The multiple bollingers create visible ledges from which price and stochastic momentum lows combine to provide zones for long entries. At present, this recent uptrend has left the low bands trailing in its wake, but a pull back to approx. 10000 might see the lower bands consolidate near the breakout zone from January, and that momentum indicator reset lower.

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