Wednesday, 4 September 2013

Dax






looks like it is losing the 4x1 weekly angle. Could we see a flash crash to around 7200 ? (50% retracement area and 2x1 support. )  Not a prediction:-) The 10 week wtd moving average should be good resistance now

Last week's candle was very bearish,engulfing so many weeks.The final rally was 7 weeks,which is also interesting (Gann's deathzone cycle)


1 comment:

  1. http://tfaat.blogspot.ca/2013/09/are-we-there-yet.html

    Here is to support your theory on a move down...

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