Previous Peaks & Troughs
by PRASHANT SHAH -
Finding support and resistance on charts is a conventional method of analysis and well known among chart practitioners. Support is the area where demand is expected to exceed the supply; hence, price should stop falling at those levels. Similarly, resistance is the level where supply is likely to exceed demand; hence, the up move may ... Read more
Polarity Principle
by PRASHANT SHAH -
Polarity Principle The polarity principle is very popular in the conventional time-based charts. The concept of prior support, when broken, turning into resistance or vice versa is the essence of the polarity principle. It is also applicable on P&F charts. Though it can be viewed on all box-values and time frames, it can be better ... Read more
Anchor Point
by PRASHANT SHAH -
Anchor point is the most amazing and underused tool in the Point & Figure world. Anchor point is the most logical area of demand and supply where indecision or confusion is seen among market participants. It is the battlefield of Bulls and Bears where the fight had been most indecisive. Eventually one side will get ... Read more
