Trading with point and figure

Waited all morning for this break and as soon as I turn my platform off, off it goes!!!
 

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XAUUSD
we had the top marked on Wednesday ..just after Fomc
excellent move dowwn from res and then a bounce off horizontal supp
job done

2wn70qs.gif
 
fwiw re: SPX if 1940 important level holds I think we are looking to build on it up to 1980s.

We may need to test 1900-1925 levels again for support.

Bullish on gold and oil again. (y)
 
spx
6dzwgz.gif

approx 240 point range in that downmove from this chart
A pullback to a fib implies 50 point down
From this chart 1938 to 1950 is the 50% area
Nice rally on afriday to that area
Lets see what happens
 
Last edited:
dentist007 said:
spx
6dzwgz.gif

approx 240 point range in that downmove from this chart
A pullback to a fib implies 50 point down
From this chart 1938 to 1950 is the 50% area
Nice rally on afriday to that area
Lets see what happens
Click to expand...
50% res area working well...so far..lol
 
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