Horizontal formation
Charts figures are so detailed, as you want. Odnopunktovye charts describe each complete change of prices – from 57 to 58, to 59. Trehpunktovye charts reflect only changes in the value of three points – from 57 to 60, to 63. Five-and desyatipunktovye graphics are built the same way.
Method Vaykoffa requires some experience to work with one-and trehpunktovymi schedules. Odnopunktovy chart indicates the immediate or short-swing goal, while trehpunktovy chart indicates the general direction of trends and the likely target of large swings.
Odnopunktovy schedule action can be constructed from a vertical or graphics from the list price open, high, low and close to the daily newspaper.
Suppose your action on Monday closed at 50. On Tuesday, it opened at 50, rose to 51 7 / 8, fell to 45 and closed at 48.
Trehpunktovy schedule compresses odnopunktovy, discarding all changes of less than three points. In our previous example, the only trehpunktovoe movement occurs between the maximum and minimum Tuesday.
The general model of graphics figures reveal the accumulation or distribution, clearly indicate the line of support and suggestions and identify periods of growth and decline.
However, the most valuable properties of graphs of figures – is their “horizontal formations, which in many cases indicate the approximate number of points that must move to action or group of stocks. addition, these horizontal education, or area “deadlock”, also help determine when the action met with resistance and reached the end of his movement.
So far we have seen that the vertical and curly graphs show the direction of movement and measure it. To decide when to act, the schedule of waves – the best prompter.