Trading with point and figure

[Dentalfloss]

Morning all, had a few problems with my son again overnight so am a little late today.

Are we shorting everything insight or is this the bottom?

could be a bottom

 

[Moneylender]

My close up view

 

[Dentalfloss]

time for tea and biscuits

 

[Dentalfloss]

My close up view

mark the res areas

 

[Moneylender]

Bounced of Green trend line nicely and now retracing after a few pips gain

Nice little pop up to the pink

 

[Dentalfloss]

dow into the open

 

[Dentalfloss]

dow
16050 cluster area not marked
needs to stay above 16k for the bulls
16350 res area..up to 16450
downmove not fully established as yet...

16050 cluster area ..hit overnight..posted 11am ysterday

 

[Moneylender]

Fake BO @ 520? Or next trgt 550

 

[Dentalfloss]

5 min updated
that minor downtrend taken out 20 mins ago
shows the uptrend that began last Thursday lunchtime/green
minor downtrend that started on sunday night
new uptrend started 20 mins ago/thin green

 

[Dentalfloss]

res starts in 16300 area
supp 16184 area

 

[Dentalfloss]

res areas 1916 on spx and dax 9537-9554 marked thsi morning...working very well
think they will get broken

 

[Dentalfloss]

bulls happy if it breaks and 1915 is supp....
otherwise 1908- 1910 area
9536 area is 50% of latest upmove on 1 min

 

[Moneylender]

Failed first time @ 576 which is also daily pivot

 

[Dentalfloss]

1910 and 9536..excellent results

 

[Dentalfloss]

no sign of a bounce as yet..lol
into Attilla"s 1900 supp area

 

[Dentalfloss]

no sign of a bounce as yet..lol
into Attilla"s 1900 supp area

bears not having any messing about

 

[Atilla]

bears not having any messing about

I'm still not budging from sentiment just yet. Friday will be crunch time imo.

1900 if it holds the line and Friday stats good - in fact even if bad simply the talk of a rate cut in March can turn this market back up again.

Ultimately still feel 20% correction required but best not to fight big G and CBs.


Still feel shortly after spring and summer time is best for a decent melt down.


Thought it might get twitchy

 

[Dentalfloss]

DAX
into the open

48 hours of data
at res/prev supp in 9607 area
9568/aqua/area
then 9724 area
9529-9542/lower aqua
9451 lower trend supp
bullish
a stack of horizontal res looming

 

[Dentalfloss]

price was at res when chart posted
an excellent move down to test our 9542 supp area
job done

 

[Dentalfloss]

went a bit further..no complaints