Trading with point and figure

DAX into the open

vnl6ye.png
 
12400-12700 is a decent wodge of supp
could go anywhere in that zone
12935 area is a dog...if it gets there

Dax was in a wide consolidation...could be called a head and shoulders on the chart...easily seen on our chart
 
change to 1rev

we are in a big area of supp 2712-2736/trend supp and 50% is 2750 area
above 2800 is big rez

2d4dqe.png
 
dont get distressed if we go into 2700-2712 area....there should be decent supp there

dax should go with it

dax has a rez on weekly bars at 12413 area
anything between 12400 and our 12700 is the supp area....very wide....good for us...lol
 
Last edited:
dax 12750 first test of rez
then 12772 is 50% of the last downmove

it is still a falling knife...as we said supp is anywhere between 12400-12700

good for us....just does not know which way to go.....lol

yu might find that your account gets depleted if yu rely on levels.....
mark the levels...then see what reaction is happening

347wg10.png



12800 is where it starts...the rez...
 
12680-12696 is 50% of latest upmove


12515 the low ...so far
we have 12400-12700 area as supp
well within our boundaries

12750 first rez as we said last night after 12700
 
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