Trading with point and figure

dow over last 6 months
 

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dow
we might be in a dead cat bounce..bounce from a big pivot area
 

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Morning boss

Bit of consolidation going on at these levels.


looks so


but.....

even though we are consolidating ...look for any range expansion at the lower end
easiest to place 1 sma on low and watch/on bar/candles
if it breaks out ...then yu have a change in trend earlier...yu are looking at lo/hi plot
 
in fact
The Duplessis lo/hi and OHLC plot method are always looking at the movement against the last box/latest price

rather that the hilo which looks at the movement with the trend
better...imho
could be wrong
 
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