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.

Friday 19 June 2015

Dax Review 19th June 2016

Monthly & Weekly charts: assuming that this move down to 10500 zone is just a 'a' leg in blue wave 4. May turn into a triangle rather than this simpler pattern, but looking to buy 10400-10600 in a longer term uptrend, that does not look under any stress from this move back to the break out zone on the daily below
Daily chart shows the breakout zone being tested a little lower down and no signs of the pitchfork being broken to the upside as yet. Selling this lower into the buy zone and adding to that commitment on break up.
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