Point and Figure Bearish Resistance Line Up

Bearish Resistance Line Up

A Bearish Resistance Line Up occurs when the high box of bar 0 is exactly one box higher than the high box of two bars ago, the high box of two bars ago is exactly two boxes lower than the high box of four bars ago, and the high box of four bars ago is exactly two boxes lower than the high box of six bars ago


Reference: Kaufman, Perry J.. The New Commodity Trading Systems and Methods. New York, New York: John Wiley & Sons, 1987.