Moving back to Point & Figure charts, there are two common types of charts. The 3-box reversal chart is akin to a daily chart except it only prints a new column or mark when a breakout occurs and ...

The point and figure chart analysis was in vogue much before computers were invented. Point and figure charts can be better understood by comparing them with bar charts.

While most technical analysis charts are inclined to be the open-high-low-close price charts, the closing price of the stock is emphasised in the point and figure chart.