115 CFA
File: Portfolio Management - Reading 56 - 2. Charts

2. Charts

b. describe the construction of different types of technical analysis charts and interpret them;

What is a point and figure chart?
Both axis of P&F charts' are dependent on price, rather than one being based on price and the other on date. The key unit in a P&F chart is the point, or unit of price. Xs represent upward price trends and Os represent downward price trends.

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