Chapter 16. Point and Figure Chart Patterns
Chapter Objectives
After studying this chapter, you should be familiar with
• The difference between one-point reversal and three-point reversal point and figure charts
• How to construct trend lines, recognize areas of consolidation, and determine the count using one-point reversal point and figure charts
• How to construct trend lines, recognize basic patterns, and determine the count using three-point reversal point and figure charts
In the previous chapter, we studied patterns that can occur when price information is displayed on a bar chart. We continue our study of patterns, but now we focus on formations that are related to point and figure charts. As we do this, we will notice that many of ...
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