Trading with point and figure

dax into the open
 

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12535 is some sort of pivot area
watch that ..it could become rez
latest trend is up
horizontal supp goes down to 12467

tad negative if it prints 12496
 
Good Morning everyone!

Interesting how the Nikkei reacted to the launch. Pump before the dump praps?
 
daxinn our 12516 supp area now...ish
should bounce a tad
is there scared money..??

Difficult one today, market so far has largely ignored the test but its Friday, players won't want to leave money, profit, on the table over the weekend!
 
Asia equity markets traded mostly negative after North Korea launched a missile that flew through Japanese airspace
This prompted Japan to issue an emergency warning for its residents and South Korea conducted its own missile test as a show of readiness
 
My view on DAX Res at 535 then 555 to 60 area but may well drop back hard later today. Could be wrong!

2mhfvcz.jpg
 
eyes on gbp crosses and ftse
ftse gettin hammered..big time...there is a swing trade brewing in that one...lets see
 
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