Trading with point and figure

dentist007 said:
:love::love::love::love::love::love::love:


No sign of any bears as yet
Click to expand...


Ooooohhhh, thinking about it... :whistling


Re: FTSE - In Daily and 4H TFs it's looking like LHs & running out of steam for me.

I have

R3 @ 7400
R2 @ 7325
R1 @ 7295
PP @ 7245
..
S3 @ 7085
S4 @ 7000

Agree with 7300 being key.


If we don't breach 7300s and attempt to mount 7400s on slightly longer time frames it's due for a 300 point drop to S4 I reckon.

I'm getting worried... :rolleyes:
 
Cable also struggling to reach PP @ 1.24895. More downside due I reckon.

I thought Major outlined the risks well. Pound will come into selling pressure.

It might help the FTSE but geo-eco-political risks likely to outweigh positive currency movement.

I think all eyes will be on Trump policy / spending speak. :rolleyes:
 
there is a possible trend break
547fhs.gif

data from 23rd feb
 
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