How this site's figures are produced

Every chart and count on this site comes from price histories the site keeps itself, for gold, currency pairs and the local share index. The history is a stored copy of ten years of daily bars, read once on the date printed under each chart, and every chart is drawn from that copy. A drawn example is a real stretch of that history in which a written rule found the pattern, not an illustration.

What counts as a figure here

A pattern is looked for on the stored history by a written rule that is the same for every instrument. The rule is fixed in advance, and where a figure is judgement - how level two peaks must be, how steep a neckline may be - the rule's tolerance is set before the search and applied equally to gold, currency pairs and the Nifty 50.

When a stretch of price only half fits, the rule does not force it. A half-fit is not drawn as an example, and it is not called a pattern. The line that completes a figure must be crossed in the way the textbook describes, and only then does the site count it as a formed figure.

A drawn example shows one occurrence. It does not show how often the pattern worked, and where the rule found more than one occurrence the caption says how many and how the example was chosen: the cleanest by the rule's own measure, never the one that paid best. The rule finds the pattern where it actually formed in the stored history, and the chart at the top of each figure's page is that stretch, with its lines and markers placed by the same rule. No forecast, signal or recommendation is made, and no live market feed is claimed: the history is as complete as the site's own records.

Why every chart is a real stretch of history

The charts on this site are never redrawn from an ideal. A textbook pattern is often shown as a clean sketch, but real price history is uneven: the shoulders may not be level, the neckline may slope, and the break may come after a false start. This site draws the figure on the actual history where the rule found it, so the reader sees the same imperfections that appear on a phone chart.

The local share index used for examples is the Nifty 50; gold is taken in US dollars (COMEX futures), and the two currency pairs are the US dollar in Indian rupees and the euro in US dollars. A currency pair is drawn only where neither the Nifty 50 nor gold holds an example, because the daily bars the source gives for currency pairs have almost no body between open and close. The history is stored by the site itself, as ten years of daily bars read once from Yahoo Finance, and every chart is drawn from that stored copy. A reader can therefore see figures drawn on different instruments and compare how the definition fits each one.

What the site refuses to do

This site does not give signals or targets, and it publishes no score for how good a figure looks; the rule's own measure of tidiness is used only to choose which occurrence to draw, and the caption says so. A pattern describes what price has already done, and the site's job is to state the definition and show one real occurrence. It does not say what will happen next, and it does not rank patterns by their past performance. No recommendation is made to buy or sell.

A figure that fails - where the break reverses - still counts as formed, because the rule asks only for the close through the line. The example on each page is chosen by the rule's measure of tidiness, not by what price did next, and the site does not call a failed pattern a misleading one. The limit is stated plainly: a chart figure is a description, not a prediction, and the reader should treat it as one piece of a wider decision.