This is one way I like to read any chart. I look for breakout candles, if it reverses I draw a line (S&R) Hope you can see the little and blue horizontal / vertical lines I am not here to debate P&F charts but it works well on a P&F 1 point chart. I can see magnitude and momentum. At least ... What I do understand by this. Edit: Works well because there's a nice trend I find it easier to read than a 4ticks range chart, But the principles stay the same.
Why you wanna know? As you can see in my profile, I live "where everyday is like Sunday". Well that's the plan, at least.