Trading with point and figure

Updated chart showing all the possibilities this morn.

294713n.jpg
 
another clue on dax
1 min candle
a bearish rez line on 1 min tested..connect the three highs
its laughable...all those clues...ignored
 
My partner has just been accepted for a Uni place, so I might be missing for the rest of the day!!

Shed load of pips to you all.
 
Markets walking on air I reckon. :)

Whilst the music keeps playing, keep movin!

Watching cable closely. 1.32 still major resistance. Nice round number. Still think it will hover around 1.28-1.32 for some time to come unless some new level can be attained based on whatever???

Yesterdays R1 was a struggle but it did get there. So we're likely to test support today. Proping PP and S1 I reckon. I could be wrong though as pound looks a better bet than the Euro with the Italian banks causing some concern.

I have following levels:

R3 @ 1.3430
R2 @ 1.3329
R1 @ 1.3268
PP @ 1.3170
S1 @ 1.3105 - Target fwiw.
S2 @ 1.3004
S3 @ 1.2943

Overall bearish on the pound.
 
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