WY-06-26
Point-and-Figure Charts and Price Target Estimation
Decisions, Execution & Validation
Sam Rivera
Full Chapters / WY-06-26
A point-and-figure chart (P&F) records movement in predetermined price units. No new box is added until price completes the required movement. Movement in the same direction extends the existing column, while a sufficient reversal starts a new column. Removing calendar time as the equally spaced horizontal unit emphasizes price movement, reversals, and horizontal structure. Wyckoff analysis uses horizontal P&F counts to convert the sideways activity formed within a trading range into a conditional estimate of potential subsequent price distance. Changing construction rules, price inputs, or count boundaries can change both chart and target, so every estimate must specify all parameters.
The course video is not yet available. This interface demo uses a separate MT animation, not the lesson video.
Read the Chapter ↗Demo timestamps
9 lessons · Chapter contents
01Point-and-Figure Charts Versus Time-Based Candlestick Charts↗02Box Size, Reversal Boxes, X Columns, and O Columns↗03Price Data and Construction Rules↗04Basic Differences Between One-Box and Multi-Box Reversals↗05Wyckoff Horizontal Counts: Count Line and Counting Range↗06Segmented Counts and Their Difference from Phases A–E↗07From Count Results to Target Estimates↗08Parameter Changes, Recounting, and Hindsight Selection of Boundaries↗09Connecting Target Estimates with Actual Trading Risk↗The course transcript will be available with the finished video. The captions below belong to the interface demo.
Observe the market: start with context and place price within its structure.
Understand structure: compare supply and demand, and let evidence support or revise your hypothesis.
Form a view: define risk limits and know when to reassess.
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Relative Strength and Opportunity Screening
The Nine Buying and Selling Tests and Trading Scenarios
