P&F Analysis: Horizontal & Vertical Counts
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Re: Chart of the Day
The structure shows signs of base formation. Using Point & Figure (P&F) counts, the chart is analyzed through both horizontal and vertical methods. The vertical count helps in understanding the strength of the move, while the horizontal count reflects the extent of the base formation — together highlighting important price zones where activity can be observed. Overall, this approach helps in studying price structure in a simple way while staying flexible with how the price evolves.
