What is a point & figure chart & how does it work?

This can be done by monitoring a candlestick or open-high-low-close (OHLC) chart. A point-and-figure (P&F) chart plots price movements as a series of stacked X's or O's that do not take into consideration the passage of time. The charts may help traders see trends and reversals more clearly.

What is a point-and-figure chart?

A point-and-figure chart plots price movements for stocks, bonds, commodities, or futures without taking into consideration the passage of time.

Why are point and figure charts gaining in popularity?

As with the other previously mentioned noise filtering charts, Point and Figure Charts are gaining in popularity because they do not factor in time or minor, naturally occurring price movements. Proponents of these types of charts believe that this characteristic makes it easier for users to spot trends and anticipate future price movements.