Its cumulative in the direction of the trade. P&F take out market noise and look different to standard standard charts as time frame may lie over longer periods and plot the high and low and volume associated with that price movement. Price movements are increments of until it breaks the range. Great for picking tops, bottoms and boundaries as well as support and resistence. Old fashioned but work in difficult markets. Just another tool.
GSR Price at posting:
3.4¢ Sentiment: Buy Disclosure: Held
