Trading with point and figure

DAX going into the close, do we have a bottom formed? Answers tomorrow.

2aadnc9.jpg
 
there is an inkling of a top...a downward column
at this point ...it could be a pullback
there are no clues
 
we had a brief move into 21456 supp area yesterday...it did not print on the chart as it is 4 hour close plot
21456 was an intermed rez...should be decent supp area


the chart still looks pretty bullish...despite bad bank earnings
scalp shorts only
 
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the move from aqua horizontal was an unsupported break
got sold off...now back in supp for a rethink...lol
4 hour data
25 points box
4 reversal
close


gets rid of all the rubbish
 
bulls are still there ...right down to 12300


yesterday..poss a flash crash/stop hunting...before ECB
lets see what happens
 
the move from aqua horizontal was an unsupported break
got sold off...now back in supp for a rethink...lol
4 hour data
25 points box
4 reversal
close


gets rid of all the rubbish

Good clean chart - thanks. Hope it will help me to get the right end of the stick today.

Closed yesterday's ill-advised 440 long at 12455. A long sweaty day for *** all. :)
 
Good clean chart - thanks. Hope it will help me to get the right end of the stick today.

Closed yesterday's ill-advised 440 long at 12455. A long sweaty day for *** all. :)

yu had no real way of telling that it would dump/ big time yesterday
the easiest way is 50% of the pole
 
12500-12525 was 50% ish

became supp yesterday ..until lunchtime
dollar got sold in the afternoon...then it tanked

i missed it all.....well most of it
too bizzee with GBP and the heat
 
Morning all, late start this morning.

Nice rise to 12480 area, I am back to being flat ATM.
Tomorrow ecb could complicate it all, so will keep a tight rein on things.
 
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