Now that we have that out-of-the-way, let’s dive into how similar patterns can rhyme in a Point ‘n Figure chart (PnF). For an example, I bring you a before look of the PnF chart of $DFS (Discover Financial):
Now for an after look at this chart with the pattern highlighted in Green boxes:
If this pattern does in fact rhyme, this will be the third High Pole with a Flag now developing (consolidation).
Baaa.
