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, 28 August 2015

Dax: 200smas

Ongoing wave 4 appears to be retracing with market asking if the drops are over yet.

200sma from monthly to 30min chart duration marked up in this 2hr chart. The cluster between 10906 & 11155 are just above the 61.8% retracement of this move down, which I have at 10850. A move above 10467 that holds, might see a test of that higher zone. Interesting place to hunt for shorts down to test that low and the weekly 200sma a little closer! 

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