Point and Figure charts area unit one amongst the good secrets of the Technical Analysis world. extremely refined and with a thoroughbred pedigree, they can, however, be unnoted by traders nowadays. Jeremy du Plessis – one amongst the foremost purpose and Figure specialists within the world – returns with a completely updated second edition of this definitive guide in a trial to redress this imbalance. This second edition, with an in depth revision to the text and introduction of name new techniques, demystifies the globe of purpose and Figure charting.
Point and Figure charts includes an in depth rationalization of the history and development of the technique from its invention to the fashionable day, and covers the makeup of the chart patterns, why they’re created, and the way to interpret them. Throughout, readers area unit inspired to grasp purpose and Figure charts from initial principles, instead of simply bear in mind the names of a series of patterns.
It’s the primary major work for fifty years to debate thorough the first 1-box reversal technique of purpose and Figure charting and distinction it with the additional well-liked 3-box reversal technique. Further, the reason of the way to use purpose and Figure charts to project targets and calculate risk-reward ratios is that the most comprehensive ever seen.
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