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Point and Figure chart

A point & figure chart is a chart that plots day-to-day price movements without taking into consideration the passage of time. Point and figure charts are composed of a number of columns that either consist of a series of stacked X's or O's. A column of X's is used to illustrate a rising price, while O's represent a falling price. This type of chart is used to filter out non-significant price movements, and enables the trader to easily determine critical support and resistance levels. Traders will place orders when the price moves beyond identified support/resistance levels.

Read more: Point & Figure Chart Definition | Investopedia http://www.investopedia.com/terms/p/...#ixzz422FIqiFA

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Created by  steve2222 , March 5th, 2016 at 08:36 AM
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