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Technical Analysis: The Complete Resource for Financial Market Technicians by Ph.D. Julie R. Dahlquist, - CMT Charles D. Kirkpatrick II

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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 the patterns ...

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