Bibliography
by PRASHANT SHAH -
— Aby, Carroll D. J. Point & Figure Charting: The Complete Guide. Grinville, SC: Traders Press Inc., 1996. — Bollinger, John. Bollinger on Bollinger Bands, New York, NY: McGraw-Hill, 2002. — Bulkowski, Thomas N. Encyclopedia of Chart Patterns. New York, NY: John Wiley & Sos, Inc., 2000. — Carney, Scott M. Harmonic Trading, Volume One: ... Read more
Swing Breakout Patterns
by PRASHANT SHAH -
In the previous chapter we discussed how all the conventional chart patterns are workable and relevant on Renko charts as well. In this chapter, we will discuss patterns that are unique to Renko charts. The formation of bricks is a unique feature of Renko charts which no other chart category possesses. The different combinations of ... Read more
Multi-brick breakout patterns
by PRASHANT SHAH -
Let us now consider multi-brick breakout patterns. We discussed double top and triple top resistance and double bottom and triple bottom support patterns in the earlier chapter. Multiple bricks at the same level represent an area or zone of either support or resistance. When the price breaks out from those important levels, it triggers a ... Read more
M and W Patterns
by PRASHANT SHAH -
M and W patterns can be easily identified and effectively traded on Renko charts. The plotting of the price action in a diagonal format in the Renko chart makes it easier to identify and trade these patterns. Have a look at below daily line chart of Century Textile. Now, have a look at below chart, ... Read more
Examples of Renko Pattern Analysis
by PRASHANT SHAH -
While explaining every patterns, I have clearly discussed the entry and exit rules for each pattern, pattern failure levels, and even extensions. Trade setups can be easily designed based on this information. It is not necessary that you need to apply extensions from all the patterns that we have discussed. What follows is a summary ... Read more
Extensions to Renko patterns
by PRASHANT SHAH -
We discussed extensions from price patterns earlier as well in Chapter 3 and Chapter 4. The rules of extensions from various patterns were also set out while discussing each pattern. The calculation and logic behind extensions was explained in earlier chapters. Extensions can be treated as targets or price projections from those various patterns. I ... Read more
