Trading with point and figure

[Dentalfloss]

wants to pop our 1885-1888 res area
lets see if it happens

 

[Dentalfloss]

1888 nice one
scalps in and out

 

[Dentalfloss]

1888 nice one
scalps in and out

working exceptionally well
took the dax with it
29.88 on wti a real hummer

 

[Dentalfloss]

scalped the bounces off 29.50 area we marked
looks like that might fail

 

[Dentalfloss]

updated spx
trend taken out..wmt into consolidation ..that is ood for the bulls
seems to be accumulation...no guarantees

 

[Dentalfloss]

dax
1 min since last night
downtrend taken out 1 hour ago

 

[Dentalfloss]

spx
no ink on lower parts of consolidation on 1 min candle..nor dax
no accumulation yet

 

[Dentalfloss]

spx
no ink on lower parts of consolidation on 1 min candle..nor dax
no accumulation yet

excellent..stayed short

 

[Dentalfloss]

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

in 1860 artea now
lets see

 

[Dentalfloss]

in 1860 artea now
lets see

ya wont know until it tests 1868 area

 

[Dentalfloss]

Baker-Hughes rig count in a few mins

 

[Dentalfloss]

1860 area supporting..so far

 

[Dentalfloss]

lets see if the bounce has got some Cahonas ??

 

[Dentalfloss]

hummin ...fom our 1860 supp area

 

[Dentalfloss]

stopped out
excellent run

 

[Dentalfloss]

dax
shows the downtrend that started on 30Jan..it bounced on 11 jan and new downtrend started on 13 Jan

does the downtrend continue ?? or do we recoil and test that prev break at 9632-9664 area ??
9700 is trend res area

 

[Dentalfloss]

a closer look at the latest down move from 13 Jan.It comprised of two components/2 minor downtrends
13 jan and 15 jan

 

[Dentalfloss]

into the opem
1 min data of Friday
it seems to have started to rally
price needs to stay above trendline..9500 area needs to support at some point for bulls to get confidence
lets see

it can go either way
9450 could be res.. to continue down

 

[Dentalfloss]

oil/wti
stock index seem to be following it

 

[Dentalfloss]

px into the open
tricky...cos it could pump or dump