Point and figure charts are one of the oldest and purest charting methods in the field of technical analysis. Point and figure charts are not commonly studied and practiced by technicians today as in the past. However, I use it as a simple indicator of areas of supply and demand and to indicate new trends. Warren Buffett said, „There seems to be some perverse human characteristic that likes to make easy things difficult.“ Especially in the field of technical analysis, analysts seem to love making complex formulas when in reality it is completely unnecessary.
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