Point and Figure – A Fulcrum Bottom

A fulcrum in Point-and-Figure lingo basically means a double bottom. I’ve been anticipating a change in trend for a while now. Price has recently developed a local double bottom and price is currently testing for the 4th time what is ostensibly strong resistance at 7.7k. Notice how price has broken above the downward trend line.Continue reading “Point and Figure – A Fulcrum Bottom”