| Welcome: |
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| Lesson 2: |
Wrap Up |
The battle between
Supply and Demand is at the heart of Point and Figure Charting.
From this chapter you have all
the basics needed to understand patterns and price objectives.
You can see how the price movement in a stock creates the patterns. These
patterns tell the story of the battle between supply or demand.
Once you have a good understanding
of how charts develop and build your confidence with practice,
you will be able to recognize chart development quickly and accurately.
Once you know the basics you can apply your understanding to
any PnF chart.
Price objective is a guide, not
an absolute. It is useful in helping to determine the risk reward parameters
of a trade. Always remember that PnF is an art form, not a science.
Lesson 2 Contents:
We will now test you to find
your comprehension of the subjects discussed in Lesson 2.
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