Support Board
Date/Time: Wed, 22 Jan 2025 12:49:05 +0000
Post From: Point and Figure chart shows a two box reversal when configured for three
| [2018-09-13 19:01:48] |
| opmetal - Posts: 70 |
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Yes price has to hit 69.95 to reverse into Xs, this is how P&F charts should work. If you count the bottom of the O at 69.80 then yes, it's four boxes above when the first X column is drawn. This is the definition of a "three box reversal" and I think the Point and Figure study gets it right. I only encountered this issue recently when I switched my intraday charts to the new Bar Period Type.
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