Trading with point and figure

DOW

wkr195.gif

our 20688 marked as a supp....became rez
luvin it
scalps all the way down
posted at 7.42am
dax and ftse went with it
 
I think cable wants to break out to the upside. Have it trying to get above PP @ 1.24000s at the mo.

PP-R1 @ 1.2440s next target if it can get above PP.

Can't see it making a run for PP-R2 though. Overall have a short bias on cable.

If and when 1.2440s get rejected see another down move to 1.2325.
 
Looks like PP @ 1.2400s got rejected.

I have 1.2330s as first target @ PP-S1.
 
oil
pump or dump
4 hour bar chart
prev supp area...could be rez
53.00 area
there now
52.65 first supp area
 
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