Trading with point and figure

[Dentalfloss]

xauusd hummin from our death zone

 

[Dentalfloss]

spx and dax overextended very short term...care here..that does not mean to say they will tank
US closed...low volume..poss

 

[Dentalfloss]

possible retests

 

[Dentalfloss]

another fake ??

 

[Moneylender]

DAX pivots to the point! R3 @ 9235

 

[Moneylender]

Close up of this mornings action

 

[Dentalfloss]

pivot area in 9180..ish
aqua

 

[Dentalfloss]

spx 1 min
since Friday 3pm/uk

1883
1875 supp areas
1875 the biggie..1878 first
we could pump higher

 

[Dentalfloss]

1

1892 might hold it..there now/purple horizontal

 

[Dentalfloss]

another fake ??

nailed

 

[Moneylender]

1892 might hold it..there now/purple horizontal[/QUOTE]

Ties in with DAX @ 9236!

 

[Moneylender]

Thing is would you short it from these levels???

 

[Dentalfloss]

1892 might hold it..there now/purple horizontal

Ties in with DAX @ 9236![/QUOTE]
ok..sir
this is a real tricky market
dax..on a fake...but we dont know that until it moves down into main supp
if it dips below 9k..then something aint right

 

[Dentalfloss]

Thing is would you short it from these levels???

it should bounce from 1888 and 9206 areas
a bad bounce ...bears in for a kill

 

[Dentalfloss]

bounce should move into res at 9220 ish..that should be a sweet spot.imho

 

[Dentalfloss]

bounce from 1888 should get us into 1890 ish..shorts could be waiting there

 

[Dentalfloss]

dax might retest 9220..could break..then look for 9220 as res

 

[Moneylender]

current state of play

 

[Moneylender]

Small tweek of settings!

 

[Dentalfloss]

bouncing off 9220 and 1888 still...lol
good pivots for scalps