Trading with point and figure

updated chart
it was a fake...

165kwz.gif
 
dax over last 6 months
in a cluster area
10240-10320 also a cluster area
 

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A higher volume period from 5.30 > 6.30pm on the US... maybe a bit of accumulation going on..
 
Plans for today
Trend into the day is up......but....
Prev supp areas now acting as res
2050 area on spx
10560 area on dax
17530 area on dow
Scenarios are
Bounce off that res when it tests and retests
Break thru and get a fake
Break thru and these areas act as support
 
Plans for today
Trend into the day is up......but....
Prev supp areas now acting as res
2050 area on spx
10560 area on dax
17530 area on dow
Scenarios are
Bounce off that res when it tests and retests
Break thru and get a fake
Break thru and these areas act as support

Hi dentist. Of those scenarios, what signals will you be looking for that ultimately tells you which trade to enter?
 
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