Learn / Putting it to work
Glossary
Every P&F term in this knowledge base, defined in a sentence.
- Ascending Triple Top
- Three consecutive Double Top breakouts, each with a higher bottom. More
- Bear Trap
- A Triple Bottom sell signal that breaks support by only one box and then reverses up three boxes. More
- Bearish Catapult
- A Triple Bottom sell signal followed by a Double Bottom sell signal. More
- Bearish Resistance Line
- A 45-degree trend line falling one box per column from above the highest X. Price below it is in a negative trend. More
- Bearish Signal Reversed
- The first Double Top buy signal after a long series of lower tops and lower bottoms. More
- Box
- One X or O on the chart, representing a fixed amount of price movement.
- Box size
- The amount of price movement one box represents. More
- Bull Trap
- A Triple Top buy signal that breaks resistance by only one box and then reverses down three boxes. More
- Bullish Catapult
- A Triple Top buy signal followed by a Double Top buy signal. More
- Bullish Percent
- The percentage of stocks in a group that are on a P&F buy signal. More
- Bullish Signal Reversed
- The first Double Bottom sell signal after a long series of higher tops and higher bottoms. More
- Bullish Support Line
- A 45-degree trend line rising one box per column from below the lowest O. Price above it is in a positive trend. More
- Closing-price method
- Plotting a chart using only each period's closing price. More
- Column
- A vertical stack of X's (rising) or O's (falling). Columns alternate direction.
- Descending Triple Bottom
- Three consecutive Double Bottom breakdowns, each with a lower top. More
- Double Bottom
- A sell signal: a column of O's falls below the previous column of O's. More
- Double Top
- A buy signal: a column of X's rises above the previous column of X's. More
- High Pole
- A sharp X column that is followed by an O column retracing more than half of it. A warning. More
- High-low method
- Plotting a chart using each period's high and low, checking continuation before reversal. More
- Horizontal count
- A price objective based on the width of a base. More
- Long Tail Down
- A reversal up after a column of 20 or more O's. More
- Low Pole
- A sharp O column followed by an X column that recovers more than half of it. More
- Month marker
- A number or letter replacing the first box plotted in a new month (1 to 9, then A, B, C). More
- O
- A box of falling price.
- Price objective
- An estimate of how far a move may go, from a vertical or horizontal count. More
- Quadruple Top / Bottom
- A level tested three times and broken on the fourth. More
- Relative strength
- A stock's price divided by a benchmark's, charted to show out- or under-performance. More
- Resistance
- A price level where sellers have repeatedly stopped advances. More
- Reversal amount
- The number of boxes price must move against a column to start a new one. Standard is 3. More
- Spread Triple Top / Bottom
- A triple pattern with a shorter column between the matching tops or bottoms. More
- Support
- A price level where buyers have repeatedly stopped declines. More
- Triangle
- A pattern of lower tops and higher bottoms that resolves with a breakout. More
- Triple Top / Bottom
- A level tested twice and broken on the third attempt. More
- Vertical count
- A price objective based on the length of the first column off a low or high. More
- X
- A box of rising price.
For education only. Nothing here is investment advice or a recommendation to buy or sell any security.