Learning to read Price Action with P&F Charting

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spot gold
from 7th aug
the uptrend is shown by 2 moves
the first from 7th aug and the other from the consolidation with the low at 1320
trend and horizontal supp are at 1360 area
30 min data
we are now ata big tech res
 
[dow for august
a very messy chart
first move down was messy
second move was impulsive on 14 aug
3rd move was impulsive on 21 aug..that has recoiled to some extent
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spot gold
4 hour
a line/dot chart
3 trends in goold since july 5th
now at res
linedott chart will nearly correspond to a p/f chart..close plot
the only difference being that the "x" and "O" have a fixed space on the chart

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why..if in doubt about the trend....then join up the dotssline connects
so by adjusting the width and the height of the chart you can nearly see what a p/f chart should loook like the closed
 
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