Description Also known as a P&F Chart.   This chart is used to display the relationship between supply and demand of a particular asset through a series of columns made up of X’s and O’s. Point & Figure Charts are time-independent…

Using Point & Figure Charts Point and figure (p&f) charts provide a simple, yet disciplined method of identifying current or emerging trends in stock prices. This brief guide aims to familiarise the investor with the basic concepts behind p&f charts…

Point and Figure Patterns Overview Point and Figure charting differs from other charting techniques by the fact that it only requires price for analysis, not time. It is also plotted differently by using columns and rows using price movement only….

EXECUTIVE SUMMARY After completing this tutorial, the technician will understand how point and figure charts are constructed, as well as how to recognise some chart formations and how to use trend lines on point and figure charts. One of the…

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…