Point & Figure
Point & Figure
- Point & Figure ChartsPoint and Figure charts are used to identify support levels, resistance and chart patterns. Point and Figure ignores the time factor and concentrate solely on movements in price.
- Point & Figure Charting GuideSuitable Point & Figure settings: log or normal scale; box size and reversal amounts; and pricing method.
- Point & Figure SetupCreate custom Point and Figure chart s from the Indicator Panel.
Point & Figure Patterns
- Basic Point & Figure PatternsBasic Point and Figure chart patterns: Support and resistance, trendlines, breakouts, bullish and bearish signals.
- Bull & Bear TrapsOne of the most reliable Point and Figure chart patterns, Bull Traps occur when an upward breakout retreats back below the new support level.
- Cup & HandleIdentify the cup and handle pattern on Point and Figure charts. Popularized by William J O'Neill (How To Make Money In Stocks).
- False BreaksSimilar to Point and Figure bull and bear traps, false (or marginal) breaks occur at minor support levels (from a previous low) or minor resistance.
- Bull & Bear Traps - Primary IndexUpward breakouts in a primary down-trend are notoriously unreliable.
- RetracementsRetracements (or corrections), during a Point and Figure trend, tell us about the strength of the trend.
- SpikesAn upward Point and Figure spike is where a rally exceeds the previous column of Xs by at least 10 boxes.
- Trend ReversalsAfter a Point and Figure up-trend, marginal new highs (especially where accompanied by equal or lower lows) indicate a loss of momentum.
- TrianglesFor a valid Point and Figure triangle there must be at least two retracements counter to the prevailing trend.
Active or Reactive?
Many investors follow active strategies but end up being reactive, rotating in and out of stocks at the wrong time.
Colin Twiggs' free weekly review of macro-economic & technical indicators will help you identify market risk and improve your timing.