Trading with point and figure

[Dentalfloss]

9910 are could support

 

[Dentalfloss]

in our 9910 and 1922 area..lets see if it holds

 

[Dentalfloss]

in our 9910 and 1922 area..lets see if it holds

excellent movement to these levels

 

[Dentalfloss]

1922 ansd 9910 did not last long..got some excellent scalps from those levels

 

[Dentalfloss]

mornin all

 

[Dentalfloss]

dax over last 24 hours

could go either way

 

[Dentalfloss]

change the inputs and we get a good feel of where supp and res lies

 

[Dentalfloss]

when faced with a chart like that...you cannot be bearish or bullish
we just have to find those cluster areas and assess the reaction...thats it
9884 area is trend res on the chart

 

[Dentalfloss]

here is the whole down move in its simplest form
50% area is marked
basically..9900 is res area

 

[Dentalfloss]

as we said 9884 area was trend res
excellent movement from that area

 

[Dentalfloss]

spx over last 24 hours

same scenario

 

[Dentalfloss]

and in its simplest form

 

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dax on 1 min

 

[Dentalfloss]

spx should get supported at 1890 area..there now...lets see what happens

 

[Dentalfloss]

spx should get supported at 1890 area..there now...lets see what happens

not yet...lol
all bearish signals so far

 

[Dentalfloss]

out a bit..who cares


1886 horizontal supp area held it..

 

[Dentalfloss]

out a bit..who cares


1886 horizontal supp area held it..

decent bounce aswell
took the dax with it..
excellent

 

[Dentalfloss]

1898 prev supp on 1 min
scalp shorts in from that
stops tightened

 

[Dentalfloss]

dax...uodated 1 min
needs to take out 9800 area/trend res

9814 seems to be a magic area
neeeds to see 9744 area as supp..9700 area is trend supp/minor

 

[Dentalfloss]

spx 1 minute
main downtrend got broken last night
a minor rally which got pushed back at res this morning
either we break higher with 1895 as supp
or break 1885 horizontal supp area
lets see what happens