STOCK GOODIES PLAYS OF THE WEEK

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P&F Vertical Count Column

Chartists must first choose the column upon which to base the count, which we will call the Count Column. Because this column forms the basis for an upside or downside target, it should be of some importance. Namely, this column should signal some sort of reversal or continuation move with an upside breakout or a downside breakdown. Double Top Breakouts and Double Bottom Breakdowns are the most basic P&F signals required to establish a Count Column. The following signals can also be used to establish the Count Column.

Bullish Breakouts: Ascending Triple Top, Bear Trap, Bearish Signal Reversal, Bullish Catapult, Bullish Triangle, Quadruple Top, Spread Triple Top, Triple Top

Bearish Breakdowns: Bearish Catapult, Bearish Triangle, Bull Trap, Bullish Signal Reversal, Descending Triple Bottom, Quadruple Bottom, Spread Triple Bottom, Triple Bottom