For a valid Point and Figure triangle there must be at least two retracements counter to the prevailing trend: two falling columns of Os in an up-trend or two rising columns of Xs in a down-trend. Symmetrical Ford [F] presents…

Point and Figure Charts: Loss of Momentum After an up-trend, marginal new highs on the Point and Figure chart (especially where accompanied by equal or lower lows) indicate a loss of momentum and may evolve into a stage 3 top….

Point and Figure Up-Trend An upward Point and Figure spike, where a rally exceeds the previous column of Xs by at least 10 boxes. This is a signal to take profits: spikes can reverse sharply and there is nothing worse…

Retracements (or corrections), during a Point and Figure trend, tell us about the strength of the trend. There are three main categories in an up-trend, while the converse applies to a down-trend. Short Retracement If the retracement is short and…

Point and Figure Up-Trend In a Point and Figure up-trend, if price falls below the previous low by only a small margin (normally only one box) and then promptly reverses upwards, buy on recovery above the previous low. A possible…

One of the most reliable chart patterns. Bull traps occur when an upward breakout retreats back below a resistance level. Resistance is normally associated with two/more equal highs or an earlier major high. Bull traps should be traded in a…

The cup and handle pattern was popularized by William J O’Neil (How to Make Money in Stocks) though some would also fit the definition of a large ascending triangle. Criteria for the pattern are: It must occur in an up-trend;…

Point and Figure: Support Levels Support levels are price levels at which large numbers of buyers are expected to enter the market. They are easily identified on Point and Figure charts by 2 or more columns of O’s bottoming out at…

Introduction Point & Figure charts consist of columns of X’s and O’s that represent filtered price movements. X-Columns represent rising prices and O-Columns represent falling prices. Each price box represents a specific value that price must reach to warrant an X or…

Point-And-Figure Chart What is a ‘Point-And-Figure Chart’ A point-and-figure chart plots price movements for stocks, bonds, commodities or futures without taking into consideration the passage of time. Contrary to almost all other types of charts that mark the degree of…