Point and Figure Bullish Support Line Down

Point and Figure Bullish Support Line Down

 

A Bullish Support Line Down occurs when the low box of bar 0 is exactly one box 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 higher than the low box of six bars ago


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