Trading with point and figure

DOW

dpkfig.gif
 
dow

in p/f terms
you can see the start of the new trend on 11th August
we got a pullback on Friday afternoon to a reaction area....aqua
we have now got an upward move from that reaction


all good so far
but...
usually that move will have to bull test
 
dow

in p/f terms
you can see the start of the new trend on 11th August
we got a pullback on Friday afternoon to a reaction area....aqua
we have now got an upward move from that reaction


all good so far
but...
usually that move will have to bull test
it should pullback before it breaks higher...in theory
cos it will activate an upside vertical count
we could pullback and blow off for FOMC
 
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