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 ...