Point and figure charts are price only... think supply and demand. it shows you pretty quickly where the major price support and resistance levels are.
The Ford chart you can see by looking left you have price support in the 9.00 to 9.50 area resistance in the 12.00 box.
X means its going up O mean going down.. you need to have 3 boxes filled to change the symbol/direction.. the number and letters are the months.
The price objective is just a mathematical formula... would NOT base my trades around it.
Its probably the easiest way to enter and control risk... for example the Ford chart low risk place to buy is 8.51.
this is prob the best list of tradable candidates., look at all the charts even the ones that already bo could be pulling back to support (my preference)
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