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I am trying to learn more about P & F scans. Is there a scan to identify when a row of X's moves up one X above the last row of X's ?
and here, toward the bottom of the page:
I'm guessing you want a P&F Double Top Breakout.
@lmkwin could probably tell you more.
But, I don't know how the scan engine handles an instance where it did cross by one X, then subsequently by another X, or Xs, in another session. Is that still a Double Top Breakout even though its not the first instance of at least one X above the prior column? I don't know.
Something to remember about 3 box reversal charts is that they basically outline a range of prices. If there is a column of X's 3 high from 25-27 that means that the price is currently between 24.01 and 27.99. 24.01 is below the lowest X in the column. 26 is the middle X in the column and 27.99 is in the top X of the column.
As to your 2nd question/remark, a 3 box reversal pattern doesn't mean that there are only 3 boxes per column. That is the minimum requirement for a reversal. And remember that a 3 box reversal requires a 4 box move compared to the prior column. Most chart columns have more than 3 boxes filled. Now, when you get into READING the charts, the column lengths will have more meaning but, if you try to limit yourself to looking only at stocks that have 3 high columns, you may be unnecessarily limiting your review and passing up some of the best performing charts.