Two-box charts
by PRASHANT SHAH -
Asymmetric Charts This chapter will help you understand other facets of the Point and Figure charting method. The charts we have discussed so far are based on the three-box reversal. It is the most popular and traditional manner of plotting the P&F charts. Number 3 has a lot of significance in the world of technical ... Read more
Five-box charts
by PRASHANT SHAH -
Five-Box Charts Five-box reversal charts provide a higher weightage to the reversal. They are slow-moving charts compared to other reversal value charts for the obvious reason that they need a five-box move for a reversal to happen. Hence, they are compressed charts having fewer columns and therefore lesser trades. Stop is comparatively wide for setups ... Read more
One-Box Reversal Charts
by PRASHANT SHAH -
One-box reversal P&F charting method is also known as a Wyckoff method, named after the late Wall Street legend Richard D. Wyckoff. It is the original P&F method of plotting the charts. We discussed the construction of one-box reversal P&F charts in Chapter 1. Recall that the reversal value is ‘1’; hence, column is changed ... Read more
