Trading with point and figure

[Moneylender]

Close to top or not?

 

[Dentalfloss]

dax

 

[Dentalfloss]

spx

 

[Moneylender]

Oil prices edged higher on Thursday as sentiment spread that a 20-month-long market rout is coming to an end as production slows amid strong demand.

 

[Dentalfloss]

we had 9800 area marked as res from Tuesday evening
a move down from that
excellent
stop tightened

 

[Moneylender]

we had 9800 area marked as res from Tuesday evening
a move down from that
excellent
stop tightened

missed it , was waiting for a top circa 9830 ish!!!

 

[Moneylender]

Pivots

 

[Dentalfloss]

we had 1984-1992 marked as res on Tuesday night
above 9800 on dax
excellent movement this morning

 

[Dentalfloss]

missed it , was waiting for a top circa 9830 ish!!!

levels
levels
they are only there as a guide
signals...and you would not have missed it
same with pivots..they are calculated lines..only there as a guide

 

[Moneylender]

levels
levels
they are only there as a guide
signals...and you would not have missed it
same with pivots..they are calculated lines..only there as a guide

I would have, I was in the shower!!!

 

[Dentalfloss]

dax

 

[Dentalfloss]

2 moves up..green and yellow both retraced to test the trend
aqua has not...yet
a possibility
no guarantees

 

[Dentalfloss]

horizontal supp down to 1970 area
prev breakout 1960 area
or we break higher

 

[Dentalfloss]

dax
a break higher or we test the aqua supports

9800res area
9600 supp area

 

[Dentalfloss]

decent movement
was a bit bearish from Tuesday night
bounces gotta beware of though

 

[Moneylender]

decent movement
was a bit bearish from Tuesday night
bounces gotta beware of though

A good bounce up would be good, higher short!

 

[Dentalfloss]

1977 a supp area.there now
stopped out
good run

 

[Dentalfloss]

A good bounce up would be good, higher short!

1985 ..if it gets there

 

[Dentalfloss]

1971 area a decent horizontal supp

 

[Dentalfloss]

1977 a supp area.there now
stopped out
good run

retest and a bounce