Trading with point and figure

[Dentalfloss]

dow testing rez now

 

[Dentalfloss]

dow testing rez now

lets see what happens

 

[Dentalfloss]

mornin folks

 

[Dentalfloss]

Cable

testing rez

 

[Dentalfloss]

Dow into the open
POP...??

 

[Dentalfloss]

Dow
a wide chart posted....yu can see it got a bit messy from 04/04

 

[Dentalfloss]

trend is up
in an area of wide horizontal rez/marked
first decent supp area marked
we could get a visit to 24100 as chart is so messy

 

[Dentalfloss]

Dax into the open

 

[Dentalfloss]

a wide area of horizontal rez...care with selling
its testing our rez as we speak

 

[Dentalfloss]

50% area is 12382
supp starts at 12400
pivot at 12370 area
lets see what happens

 

[Dentalfloss]

Dax and Dow dump from rez
now what..??

 

[Dentalfloss]

Sir Canta
it crossed the red line/horizontal red

 

[Dentalfloss]

but....

 

[Dentalfloss]

and

 

[Dentalfloss]

Sir Canta
its bouncing off our 0.8640 area
could go a tad lower
yu want to get in as low as possible

 

[Dentalfloss]

first rez is at 0.8644
supp ...then a bounce off first rez
see where it settles

 

[Dentalfloss]

trend supp...could give a decent swing trade/short term

 

[Dentalfloss]

breakdown area on close plot is 0.8680-0.8720
that is where you want to tighten the stop...if yu buy
yu should be able to see that area nicely aswell

0.8644-0.8650 first rez area

 

[Dentalfloss]

1 MIN

 

[Dentalfloss]

new downtrend started/purple
yu gotta wait until it gets burnt out....even though we are in support area