Trading with point and figure

[Dentalfloss]

oil testing our rez at 48.80

 

[Dentalfloss]

plenty of horizontal rez up to 50.00

 

[Dentalfloss]

dow.turned a tad nasty yesterday

 

[Dentalfloss]

that internal trendline from 17th feb is broken
nut....
could be a fake signal
there is a mass of horizontal supp min 20700"s

 

[Moneylender]

Took a short off 20910 whilst I ate, do I keep it and risk the fed??

 

[Dentalfloss]

20960-20980 rez area/horizontal

 

[Dentalfloss]

dow.turned a tad nasty yesterday

20920-20940 is trend rez

 

[Moneylender]

20940 was the top

 

[Dentalfloss]

20940 was the top

it could pullback an respike

 

[Dentalfloss]

it could pullback an respike

oil gettin a bid

 

[swissy]

oil gettin a bid

Could go 50 rez...but then pullback

 

[swissy]

Could go 50 rez...but then pullback

Just covered my (rather badly placed) long @4897...been holding on to it for a few days...

 

[Dentalfloss]

mornin folks

 

[Moneylender]

Morning, fed came through then!

 

[Dentalfloss]

dax
1 month of data
raw chart
no sign of a top..as yet
scalp shorts only

 

[Dentalfloss]

first supp area is 12050-12100

 

[Dentalfloss]

21040 is a pivot area on dow

 

[Dentalfloss]

dow updated

 

[Dentalfloss]

as we said yesterday...that bearish signal could have been a fake..a bear trap
it was

 

[Moneylender]

as we said yesterday...that bearish signal could have been a fake..a bear trap
it was

Or is this move up a bull trap????