Trading with point and figure

[Dentalfloss]

wti
1 min
shows new downtrend that started last night

30-30.15 first test of res
then 30.55
31.00 area is major res/prev supp

 

[Dentalfloss]

oil/wti
general picture

 

[Dentalfloss]

itms saying yesterday that oil was consolidating ready for a pop upwards
look at the trends ...mate.....lol

 

[Dentalfloss]

cnn saying that China down again

 

[Dentalfloss]

at this point we just dont know where oil supp is
any fibs ??

 

[Dentalfloss]

oil/wti
updated

firts test of res at 29.88

 

[Dentalfloss]

oil/wti
that downtrend from last night on 1 min
taken out

 

[Dentalfloss]

we either
consolidate and go nowhere
or a new uptrend begins
thinking its a manipulation down ready for Baker-hughes rig count at 6pm


...who knows ...

 

[Dentalfloss]

there is an area of horizontal supp in 1860 area from 26 august..lets see if that holds
no guarantees....lol

 

[Dentalfloss]

spx 1 minute
downtrend that started last night

 

[Dentalfloss]

in 1879 now
prev supp and trend res on chart posted

 

[Dentalfloss]

price needs to break above trendline and then have trendline as supp
other is
consolidation
break downwards
goin either way

 

[Dentalfloss]

1885 to 1887 a bigger res/prev supp
all areas quoted

 

[Dentalfloss]

oil/wti
updated

firts test of res at 29.88

29.88 tested
scalps in and out

 

[Dentalfloss]

lookin like 29.88 wants to pop

 

[Dentalfloss]

1885 to 1887 a bigger res/prev supp
all areas quoted

hummer
scalp short in from res

 

[Dentalfloss]

needs to find supp in 1870 area/prev breakout

 

[Dentalfloss]

oil/wti a hummer off our 29.88
needs to find supp in 29.50 area

 

[Dentalfloss]

stops tightened on wti and spx
dax also needs to find supp in 9480 area

 

[Dentalfloss]

bounce ttaken on spx and dax from our prev breakout points