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.

Thursday, 4 September 2014

$dax #dax

Daily, 4hr & 60min - all overbought on stochs, still testing the underside of the green cloud on the daily chart and the upper areas of their respective volatility bands. All in all, I favour a pyll back to at least reset the hourly, but hope for contagion on the higher time frames. If not this time around, maybe the next. Either way, the hourly cycle has been treating me well this week.


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