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The Definitive Guide to Point and Figure: A Comprehensive Guide to the Theory and Practical Use of the Point and Figure Charting Method by Jeremy du Plessis

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Chapter 2: Characteristics and Construction

You will already have seen that Point and Figure charts are different from any other type of chart. In order to define them however, certain characteristics must be enumerated and discussed. These characteristics are also important for the understanding and interpretation of the charts.

Characteristics of Point and Figure charts

Point and Figure charts have the following unique features, all of which are explained in greater detail below:

  • They are usually [9] constructed with Xs and Os [10] instead of lines or bars.
  • Xs represent up movements in price.
  • Os represent down movements in price.
  • The Xs and Os are called ‘boxes’.
  • Each X and O represents a discrete price interval, which ...

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