#CurrencyPairPrediction Identifying Resistance Levels on Point and Figure Charts: Resistance levels appear as horizontal columns of Xs on a Point and Figure chart. These columns represent price levels where selling pressure has historically been strong enough to stop an upward trend and potentially push prices lower. Once a column of Xs is established and the price subsequently falls, the low of that X column often acts as a future resistance level. Traders observe these X columns; if the price rallies back to this level and stalls, it can suggest a potential selling opportunity, expecting another move downward. The more prominent and extended the horizontal column of Xs, the stronger the indicated resistance level.