Point and Figure Bullish Resistance Line Up

Point-and-Figure Bullish Resistance Line Up

A Bullish Resistance Line Up occurs when the high box of bar 0 is exactly four boxes higher than the high box of two bars ago, the high box of two bars ago is exactly two boxes higher than the high box of four bars ago, and the high box of four bars ago is exactly two boxes higher than the high box of four bars ago.


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