Trading with point and figure

[Dentalfloss]

switch to hilo plot gives a bit more detail

we either break higher or bull test

 

[Dentalfloss]

decent bounce from 10770 area which was aqua horizontal on chart

 

[Dentalfloss]

updated chart

 

[Dentalfloss]

10 point by 1 reversal/close plot shows trend nicely from monday open
10750-10770 area is trend test...we have had already..probably happen again
5 min data

 

[Dentalfloss]

10822 prev breakout
down to 10787 area horizontal supp
big wodge of s/r
10868-10884 area might cap it..lets see
could go as high as 10935 area

 

[Atilla]

Good calls Dentist, got move post weekend totally wrong. Still have some reservations but bulls looking spritely again.

Key test for me likely to be 2080 in the expectation we make another LH. But have seen the light and it may well go higher. 👍

 

[Moneylender]

Morning all.

Still buying dips is best I think

R1 @ 920
PP @ 702
S1 @ 590

 

[Dentalfloss]

10884 capped it so far...marked it at the open
excellent

 

[Dentalfloss]

Morning all.

Still buying dips is best I think

R1 @ 920
PP @ 702
S1 @ 590

are those normal pivots/Camarilla ??

 

[Dentalfloss]

trends......buyin the dips...yes...until we get the transition from up to down on 1 minute..ie a recoil
that is where you have to be nimble fingered...to stay in or get out

 

[Moneylender]

are those normal pivots/Camarilla ??

normal daily as per CMC

 

[Cigar]

German Economic Sentiment at 10am

 

[Dentalfloss]

spx should be capped

one week of data

 

[Moneylender]

closed a couple of longs up in the 910 area, see where we go from here!

 

[Dentalfloss]

10925-10944 res area
coincides with moneylender 10920 area
10935 seems to be the possible hot spot

 

[Dentalfloss]

closed a couple of longs up in the 910 area, see where we go from here!

excellent:smart::smart::smart::smart::smart::smart:

 

[Cigar]

maybe a failed breakout (down) at 10.37, maybe have a go upwards (on 1 min chart)

on US500

 

[Dentalfloss]

maybe a failed breakout (down) at 10.37, maybe have a go upwards (on 1 min chart)

on US

spx or dow ??

 

[Dentalfloss]

maybe a failed breakout (down) at 10.37, maybe have a go upwards (on 1 min chart)

on US500

ok
gotya
a slightly deeper p/b in an uptrend

 

[Dentalfloss]

you have to distinguish between that ...which is a false signal/trap and a true downward move