Point and Figure Bearish Support Line Down

Bearish Support Line Down

A Bearish Support Line Down occurs when the low box of bar 0 is exactly four boxes lower than the low box of two bars ago, the low box of two bars ago is exactly two boxes lower than the low box of four bars ago, and the low box of four bars ago is exactly two boxes lower than the low box of four bars ago.


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