Implication: Signals that a prior trend may be losing force.Chart courtesy of Ĭriteria: With a doji, the open and close prices are the same. Whos in control?Chart courtesy of Ĭriteria: With small real bodies, known as Spinning Tops, color is not important. The Real Body is the essence of the price movement Introduction to Point & Figure Chart ConclusionĪ well known tech stock March 15 May 12, 2005Ĭonstructing the Candle LineBullish Candle White Real BodyHigh CloseĬlose Lower ShadowChart courtesy of ĭrawing Candle Lines28Session Open High Low CloseĢ6 21 25 28 23 27 27 22 22 28 22 25 27 25 25Ĭhart Construction ExampleChart courtesy of Stock patterns linked directly to trading activity better reflection of the forces of supply and demand.ĪBCD trends up to 43: X X X 40 X ABCD then trades like this: X X XO X X X XOX XOXOX X X 40 XOXOXO OXOXOX O O O O O P&F FAQ Whats the Advantage? Some time periods are more important than others. P&F FAQ When do you update the chart? When do you change columns? Where does the volume show upĪBCD then trends down to 39: X XO XO 40 XO O P & F Chart IntroChart Construction Example $1 box size, 1 box reversal 40 X Point and Figure Charts: How Can I Profit From Them?Įnd Result: Very Clear Display of Support and Resistance Fewer Moving Average Whipsaws Point and Figure Charts: What Are They?Oldest form of charting in the US First written about by Charles Dow Named "Point and Figure" by Victor deVilliers Very Different from Bar Charts Not Time Based Based on Trading Activity Recipient of the Market Technicians Association's Best of the Best Award in Point and Figure Chart Analysis. Tower, CMT Chief Market Strategist, CyberTrader, Inc. Introduction to Point & Figure and Candle ChartingMTA EDUCATION SEMINAR 2005By Kenneth G.
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