T2W Bot

Staff member
1,454 54
In my first article last week, I discussed the basics of creating the point and figure style of chart.  In this article, I will build upon that knowledge and show more advanced methods for identifying patterns and projecting price movement.  I want to mention that I tend to use this method of charting for longer term swing or position trades rather than intraday.  Remember that time is not a factor when attempting to achieve targets in P&F and you will likely hold positions for some time. Patterns in P&F charts are a bit different than what you may be used to in candlestick charting.  A triple top formation is not necessarily a reversal formation, it could be continuation.  It will still offer a trading opportunity however.  Look at the following examples of both the bullish and bearish triple formation.
...
Continue reading...
 
Last edited by a moderator:

Similar threads


AdBlock Detected

We get it, advertisements are annoying!

But it's thanks to our sponsors that access to Trade2Win remains free for all. By viewing our ads you help us pay our bills, so please support the site and disable your AdBlocker.

I've Disabled AdBlock