Point & Figure Point & Figure charting is the oldest type of charting still used in trading. Its goal is to filter out time and insignificant changes in price, leaving you with an easy-to-interpret chart that only contains price movements you believe are relevant. Point & Figure charting is different from bar charting in two important ways: - Price reversals below a user-defined minimum value are not shown-thereby filtering out price static. - The time scale is eliminated-there is no time scale on the horizontal axis. Therefore, a Point & Figure chart represents pure price movement. Price changes are plotted as a series of vertical columns where up-trends are displayed as a column of Xs and downtrends are displayed as a column of Os. A column of Xs shows that demand is exceeding supply (a rally); a column of Os shows that supply is exceeding demand (a decline). Together, the X and O columns form patterns that can be analyzed and used to identify buy and sell opportunities.