Weekly Market Research Report 15-06-19 ( Point & Figure Chart )

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Point & Figure Chart

Point & Figure charts consist of columns of X’s and O’s that represent filtered price movements. X-Columns represent rising prices and O-Columns represent falling prices.

Time is not a factor in P&F charting; these charts evolve as prices move. No movement in price means no change in the P&F chart.

  1. Filter insignificantprice movements and noise.
  2. Focus on important price movements.
  3. Remove the time aspect from the analysis process.
  4. Make support/resistance levels much easier to identify.
  5. Point and Figure patterns can be categorized by:
    • “Breakout of a Triple Bottom”.
    • “Breakout of a Triple Top”.
    • “Saucer Bottom”.
    • “Upside breakout of a Symmetric Triangle”.
    • “Downside breakout of a Symmetric Triangle”.
    • “Upside breakout of an Ascending Triangle”.
    • “Downside breakout of a Descending Triangle”.
    • “Upside breakout of a Bearish Trend”.
    • “Downside breakout of a Bullish Trend”.


Downside breakout of a Triple Bottom in ULTRACEMCO.

Looks Weak.

Can be: 4433, 4325 & 4217

Looks Good Above: 4558


Multiple support in  CADILAHC

Looks good above: 241

Can be: 262, 284 & 305

Looks weak below: 241

Can be: 230, 220 & 209

Used Retracement to draw level.

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