Setting Price Targets Using Wyckoff Point-and-Figure Projections Free Download Part 1 & 2 PnF
Legendary trader and educator Richard Wyckoff based his investment decisions primarily on analysis of market structure, supply and demand, and comparative strength. A final, critical component of Wyckoff’s trade selection and management was his unique method of using Point and Figure (P&F) charts both to identify realistic price targets and to improve timing of entries and exits. This technique is also great for calculating reward-to-risk ratios as well as helping traders stay with a winning trade through normal corrections.
“Setting Price Targets Using Wyckoff Point-and-Figure Projections” explains how to use Wyckoff’s P&F approach to estimate price objectives for both long and short trades. Starting with Wyckoff’s fundamental law of Cause and Effect, where the P&F count within a trading range represents the Cause and the subsequent price movement the Effect, Roman and Bruce cover:
- How to construct a Wyckoff-style P&F chart
- Basic Wyckoff P&F count guidelines and modern applications
- P&F Phase Analysis to predict shorter- and longer-term price objectives
- Using P&F counts in conjunction with bar charts to help time trade entries
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