Learning to read Price Action with P&F Charting

1 box reversal chart.0.4% box size.you can see the price started a relatively smooth uptrend from the base of the trendline in blue.consecutive signals showing the buyers are keen.short retracement columns.there is a res area at 1424 ish
you can see from previous columns to the blue trendline that sharp moves up and down,showing indecision.price wants to go higher smoothly now

 

i dont have the nymex futures.i only have the etf oilb.looking like a triangle is forming

 

What is the main reason/benefit for using a % box value?

 

% box sizes.just use when i am scanning.because each stock has different price moves,then i dont want to keep adjusting box sizes.to see the fine detail then go to arithmetic box sizes

 

Any opinions on these charts would be greatly appreciated. Its always a pleasure to understand the reasoning behind fellow point and figure technicians. If its possible to post more than one chart per post please let me know how.

 

bund

 

crude oil

 

dax cash

 

djia cash

 

e-mini-russell