Decision Diagnostics Corp (DECN)

[Leirum]

No, this is a pure Point and figure target and Elliot-Wavers would say, it is the 5th wave of the first big Wave 1.

But P&F charting is based on other rules and for some the Basics are complicated. However in the Forex-market and as well commodity market P&F charting is the most used technic.

For some it is the most reliable technical tool as it takes the noice out of the moves. Once of the strongest and most famous teachers for P&F charting was Alan Shaw the former technical Guru for Smith-Barney. He fine-tuned this chart-technic almost to perfection.