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…

Point And Figure Charting Basics By Investopedia Staff  SHARE     Designed for long-term investment, point and figure (P&F) charts have been described as one of the simplest systems for better determining solid entry and exit points in stock market trading. The system monitors supply and demand of each issue while keeping a…

POINT AND FIGURE HISTORY. This style of charting has been around since the 1880’s and pre-dates the bar chart. It started as a tick by tick charting system developed out of a practical need to record market prices on the…

YOU can never have too many examples. This chapter is dedicated to drawing Point and Figure charts from a variety ofmarkets and discussing a number ofpoints. It is not a full analysis of each one. It is, however, a series…

The standard way to establish and expose trends in Point and Figure charts is with trend lines. However, it is possible to apply other techniques instead, ones that are usually reserved for bar and line charts. This chapter will explore…

Market breadth indicators are so called because they measure the action of a group of instruments – either the constituents of a sector or the whole market itself. Breadth, therefore, measures the market trend by looking at the action of…