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Friday, October 31, 2014 12:50:19 AM
P&F Chart Construction Details
To fully understand P&F chart dynamics, it is helpful to walk through the construction process with a few simple examples. The key points to remember are:
X-Columns represent rising prices (demand)
O-Column represent falling prices (supply)
Columns can contain X's or Os - not both
Change requires a move equal to or greater than the reversal distance
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