Trading with point and figure

[Dentalfloss]

a few minutes later..smack into supp

 

[Dentalfloss]

pivot area now
nice if it became res

 

[Dentalfloss]

price needs to get squeezed ..then pop..

 

[Dentalfloss]

2055 excellent

 

[Dentalfloss]

spx ..watch carefully

 

[Dentalfloss]

we can see that market has been rangebound sinc FOMC...ish
testing the upper boundary of range
we either get
a clean breakout
a fake
or a pullback
supp is quite strong 2041-2043 area

 

[Dentalfloss]

dax has pulled back a tad

 

[Dentalfloss]

we can see that market has been rangebound sinc FOMC...ish
testing the upper boundary of range
we either get
a clean breakout
a fake
or a pullback
supp is quite strong 2041-2043 area

wham..nailed it

 

[Dentalfloss]

SPX into the day
a new uptrend/minor started yesterday/aqua
now retracing into supp
not good for bears

 

[Dentalfloss]

spx..break of trend overnight
but...
that is only a signal to close longs
scenario could be
a new uptrend
a pullback
or a new downtrend
dont forget..first move could be a shakeout..lol
we will be ready for all of the above

scenario posted at 7.43 am yesterday
we got a new uptrend

 

[Dentalfloss]

at this point..it could be a fake
direction needs to be towards 2052-2054 for confirmation
supp at 2044 area

 

[Dentalfloss]

dax
over last 24 hours
new uptrend started at 8.30 am yesterday

 

[nopac]

Hi dentist,
I've been reading about the bullish catapult in the Duplessis book. Is this an example of one setting up on the spx chart you posted? Do you take those patterns?

 

[Dentalfloss]

dax testing our 10065 area..excellent

 

[Dentalfloss]

Hi dentist,
I've been reading about the bullish catapult in the Duplessis book. Is this an example of one setting up on the spx chart you posted? Do you take those patterns?

yes
but..i am more interested in where the pullback is once i have seen a potential breakout area

 

[Dentalfloss]

spx and dax pumping nicely..as we said ..a new uptrend started yesterday

 

[Dentalfloss]

yes
but..i am more interested in where the pullback is once i have seen a potential breakout area

here ya go

 

[Dentalfloss]

that chart is 1 min spx this morning..box size is 0.30 points
breakout area marked
you can go in on first breakout..
or wait
if you waited..price pulled back into the supp
No Negative signal given
ideal spot..trendline supp held
thats it

 

[Dentalfloss]

dax
this morning on 1 min
trend was up overnight
into our 10065 res area..pulled back
supp held/aqua at 10040
off we went

 

[Dentalfloss]

another signal earlier