Scribd
Upload
728 views2 pages

Recognizing Classic Point and Figure Patterns

The document describes various classic point and figure chart patterns including double tops, triple tops, bullish catapults, shakeouts, bullish triangles, bearish signals, double bottoms, triple bottoms, bearish catapults, bearish triangles, and bullish signal reversals. These patterns are defined by a series of X's and O's representing price movements and reversals over time.

Uploaded by

Tamas Demeter
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
728 views2 pages

Recognizing Classic Point and Figure Patterns

The document describes various classic point and figure chart patterns including double tops, triple tops, bullish catapults, shakeouts, bullish triangles, bearish signals, double bottoms, triple bottoms, bearish catapults, bearish triangles, and bullish signal reversals. These patterns are defined by a series of X's and O's representing price movements and reversals over time.

Uploaded by

Tamas Demeter
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 2

Recognizing Classic Point and Figure Patterns

Double Top
An X (up) column exceeds top previous X (up) column by the signal 45

Triple Top
An X column exceeds two previous columns or levels of resistance. 45 X X X X X X X X X X B X X X

Bullish Catapult
Combination of triple buy signal followed by double top buy 45

40

40

40

35 X X X X 30 0 0 0

X X B X X X

35 X X X X 30 0 0 0 X X X 0 0 0

35 X X X X 30 0 0 0 X X X 0 0 0

X X X X

0 0 0

X X X X B X X X

Shakeout
Reversal stock makes two tops and then breaks a double reversal bottom. This rids the stock of weak holders. Can buy on 3 box reversal up. Shakeout is completed when the triple top is broken. 45 X X X X X X X X B X X

Bullish Triangle
Series of lower tops and higher bottoms. Chart breaks one way or other. Take action on the breakout. 5 columns needed.

Bearish Signal
Series of lower tops and higher bottoms. Quick up and stock breaks. No accumulation. 7 columns needed

45 X X X X X X B X X X

45

40 X X X X X X X X X X 0 0 0 0 X X X X 0 0 0 0 0 0

40 X X X X X X X X X

40

X X X

35

35

0 0 0 0 0 0 0

X X X X X

0 0 0 0 0

X X X

0 0 0

35

0 0 0 0 0

X X X

0 0 0 0 0 0

X X X X X X X B X X X X X X

30

30

30

Double Bottom
An 0 (down) column triple exceeds a previous followed 0 (down) column. The simplest of all sell 45

Triple Bottom
An 0 column exceeds two previous columns or levels of support.

Bearish Catapult
Combination of the bottom sell signal by double bottom.

45

45

40 0 0 0 35

X X X

40 0 0 0 S 0 0

0 0 0

X X X

0 0 0

X X X

35

0 0 0 S 0 0 0

40

0 0 0

X X X

0 0 0

X X X

0 0 0 0 0

X X X

35

0 0 0 S 0 0 0

30

30

30

Bearish Triangle
Series of lower tops and higher bottoms. Chart breaks one way or other. Take action on the breakout. 5 columns needed 45

Bullish Signal Reversal


Series of higher tops and bottoms. Quick reversal down and stock breaks down. No accumulation occurs. 7 columns needed.

45

40

35

0 0 0 0 0 0 0 0 0

X X X X X X X

0 0 0 0 0

40 X X X 0 0 0 S 0 0 0 0 X X X X X X

35 0 0 0 30

O O O O

X X X X X X

0 0 0 0

X X X X X X

0 0 0 0 0 0 S 0 0 0 0

30

You might also like

pFad - Phonifier reborn

Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


Alternative Proxies:

Alternative Proxy

pFad Proxy

pFad v3 Proxy

pFad v4 Proxy