SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Point and Figure Charting
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: iGregor who wrote (3117)5/22/1998 10:30:00 AM
From: Ms. X  Read Replies (3) of 34811
 
Ji EP,
It has to be in O's.
The standard pullback is three boxes but often that isn't enough of a
pullback for a good risk reward. Commonly used it the area of last
resistance that it surpassed, as support. That would be the pullback level.

Example:
"standard" pullback

X
X X O
X O X O
X O X O <--Three box reversal (pullback)
X O X
X O
X

Example:
Pulling back to support

X
X X O
X O X O
X O X O
X O X O
X O X O
X X X O X O <--Last area of resistance
X X O X O X O X good pullback area.
X X O X O X O X
X O X O X O O
X O X O X <--Stop loss (triple bottom break)
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News