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, 14 August 2015

Dax Weekly Chart

Showing two counts here: blue wave 4 over on monthly chart and 'c' of red 'b' due. Either way, looking long whilst yesterday's low holds. That 10900 area had plenty of attention of late without failure

This daily chart looks at the count closer. This could support either of the above options with the blue 4 being the red 'a' in the weekly. The trend line test looks like a 'c' wave is possible here at minimum and whilst that trend line holds, going to follow it up.


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