What's the Point and figure chart pattern

What's the Point and figure chart pattern

Point and figure chart Point & Figure (P&F) charts ek technical analysis tool hain jo ke stocks, commodities, currencies, ya kisi bhi trading instrument ki price movements ko represent karte hain. Yeh ek popular trading strategy hai jisay traders istemal karte hain taake woh market trends ko samajh sake aur trading decisions le saken. P&F charts traditional candlestick ya bar charts se thori different hoti hain. In charts mein, sirf price changes ko consider kiya jata hai, aur time factor ko ignore kia jata hai. Yeh charts price trends ko clear aur simple tareeqe se darust karti hain. P&F charts ki building blocks "X" aur "O" hoti hain, jo ke price ki direction ko darust karti hain. "X" bullish (upward) price movement ko represent karte hain jabke "O" bearish (downward) movement ko represent karte hain. Har X ya O ek predefined price increment (box size) ko represent karte hain. P&F charts mein, ek "box" ke size ko trader khud choose karta hai. Jese ke agar stock ki price $1 increment mein change hoti hai, to box size $1 ho sakta hai. Jab price ek box size ke barabar change kare, chart pe ek naya "X" ya "O" add hota hai, aur jab price us size se opposite direction mein change kare, to ek reversal hota hai, aur "X" se "O" ya "O" se "X" ban jata hai. P&F charts ka maqsad price trends aur reversals ko identify karna hai. Yeh traders ko support aur resistance levels ko samajhne mein madadgar hoti hain. Support levels ko "O's" aur resistance levels ko "X's" se represent kia jata hai. Ek am common P&F chart strategy ye hai ke jab price ek predefined percentage ya box size se upar ya neeche move kare to buy ya sell signal generate hota hai. For example, agar box size $1 hai to jab price $1 se zyada upar jaye to buy signal aur agar $1 se zyada neeche jaye to sell signal generate hota hai. P&F charts ek clear aur visual tareeqe se price trends ko dikhane mein madadgar hoti hain. Traders inko long-term aur short-term trading decisions ke liye istemal karte hain. Lekin, yeh strategy bhi risk se bhari hoti hai, aur market conditions aur instruments ke liye customize ki jani chahiye. Isliye, P&F charts ka istemal karne se pehle traders ko is technique ko samajhna aur practice karna zaruri hai. Yeh ek powerful tool ho sakti hai agar sahi tareeqe se istemal ki jaye.