Term of the Day: Point & Figure Chart

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	INVESTOPEDIA Term Of The Day September 14, 2015 Point & Figure Chart 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. As you can see from the chart below, 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. Breaking It Down: Additional points are added to the chart once the price changes by more than a... Read More Related to "Point & Figure Chart" Which Direction Is The Market Heading? There's no shortage of directional indicators available to an aspiring market technician: moving average ribbons... Read More Point And Figure Charting Basics Designed for long-term investment, point and figure (P&F) charts have been described as one of the simplest... Read More Testing Point-And-Figure Patterns Point-and-figure (P&F) charts have been a part of the technician's toolbox for more than a century. They were used by Charles Dow in... Read More Recently Added Definitions Record Date The record date is the cut-off date established by a company in order to determine which shareholders are... Read More Investment Banker An investment banker is an individual who works in a financial institution that is in the business primarily... Read More Related Definitions Box Size Reversal Amount Count Resistance (Resistance Level) Support (Support Level) Past Terms of the Day Endowment Effect Halo Effect J-Curve Effect Wal-Mart Effect Fisher Effect You are currently subscribed as: mondemand.forex@blogger.com Unsubscribe | Unsubscribe From All | Manage Profile Investopedia US, A Division of IAC. Copyright © 2015, Investopedia, LLC. All Rights Reserved Follow Us: