Candlesticks & Elliot Waves Issue|www.homeoptionstrading.com

2009-07-02 123

Point and Figure charting is the only charting method that analyzes price without the noise of time. The noise amplification of time in other forms of charting – Candlesticks, Heikin Ashi and OHLC is visually disruptive as you try to reconcile the conflicting patterns between daily, minute, weekly and monthly charts. Point and Figure charts remove the visual confusion. Retail off-the-floor traders collectively only make up ~ 15% at most, in some cases even less, of the total traded volume on exchanges. So, what are the eyes of those on the floor moving 80+% of traded volume looking at? Price and PRICE ALONE. This video shows why Point & Figure charting is the valid method to depict price behavior.

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