Chartists carefully read point and figure charts to observe market patterns (where there is support,resistance,breakouts,congestion,etc.).

Question

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Chartists use point and figure charts to identify important price levels such as support and resistance, and to identify patterns such as breakouts and congestion. They do so by carefully studying the chart and observing how prices move in relation to these levels and patterns.

Chartists Carefully Read Point and Figure Charts to Observe Market