Thread: P&F Super Pattern
An effective price pattern defined using properties of P&F charts.
#Superpattern #Pointandfigure #Definedge


https://t.co/2xtLAVPBvm
See below chart. Price is in a strong uptrend, P&F chart would produce a long of column of 'X' with more number of boxes in it.




So, the pattern is: Breakout, strong trend, shallow retracement & follow-through price action.
How it is defined clearly and made objective on a P&F chart?
Strong trend= More than 10 boxes of 'X' after breakout
Shallow retracement = Not more than 4 boxes after strong trend
Follow-through = Double-top buy after correction

Initial stop-loss in affordable and risk-reward is high that makes it a tradeable pattern with positive expectancy.
