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This pattern condition helps you to decide the number of boxes in a particular column.
It is more helpful when you are using this pattern to design a strategy in the system builder. To define risk, simply determine the number of boxes in the breakout column and the retracement column.
This pattern can be plotted on the chart by adding it from the study menu in TradePoint & RZone. The pattern is also available in the system builder section. By combining this pattern with other patterns and indicators, you can create your own trading strategies. For any group of stocks and market segments, you can scan and backtest stocks based on those strategies.