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Point and Figure Chart

Point and Figure Chart

Definition:

A Point and Figure Chart is a type of chart used by technical analysts to plot price movements without incorporating time. It is comprised of a series of stacked "X's" or "O's", with the "X's" representing rising price and the "O's" representing falling price.

Practical Use:

The Point and Figure chart helps technical analysts "filter out" insignificant price movements to aid in the identification of support and resistance areas. In addition, time is removed from the analysis process which can be helpful.

Point And Figure Chart

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Real traders daily delivereing free pre-market, post-market and weekend online trading videos. The broad market and other trades are assessed using a variety of technical analysis techniques on various charts including Japanese candlestick charts, and delivered in a rich media video format. Free Online Trading Education, online trading tuturial, swing trading strategies, swing traders, Day trading, and position trading strategies are all ready for you.