What is POINT AND FIGURE (P&F) CHART?

A chart which is made to show the fluctuations in bond prices, prices of commodities, stocks and the like. Time is ignored in this chart. The primary focus lies on changes. Hence, unless there is a fluctuation in price, nothing is recorded by the chart, regardless of time elapsed. Price is shown on the Y axis and X does not have any axis, but can mark dates or months, etc.

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