A point & figure chart is a type of financial chart used in technical analysis to visualize changes in price over time. Unlike traditional candlesticks or bar charts, point & figure charts represent price movements using X's and O's on a grid. X's are used to represent upward price movements, while O's represent downward movements. The chart is constructed by plotting each movement as a new column of X's or O's, with each column representing a specific unit of time. Point & figure charts are popular among traders because they help to filter out smaller price movements and focus on the larger trends in the market. This can make it easier for traders to identify key levels of support and resistance and make more informed trading decisions.

A point and figure chart is a type of technical analysis tool used to track price movements without factoring in time. Unlike traditional charts that display price versus time (such as line or candlestick charts), point and figure charts focus solely on significant price changes. They are constructed using columns of Xs (representing rising prices) and Os (representing falling prices), ignoring small, insignificant price movements.

The chart is useful for identifying trends, support and resistance levels, and potential price breakouts. Traders use point and figure charts to filter out market noise and highlight major shifts in market direction. Because they don't show time, these charts emphasize price patterns more clearly, making them effective for long-term trend analysis and strategy development.