#CurrencyPairPrediction Confirmation of resistance on a Point and Figure chart occurs after a horizontal column of Xs forms, indicating a price level where selling pressure halted an upward move. The subsequent price action is crucial for validating this level's significance. If, after the X column, a column of Os develops and pushes below the low of the X column, it provides initial confirmation that the selling pressure was indeed strong enough to initiate a downward trend. This subsequent decline reinforces the idea that the high of the X column is likely to act as future resistance. Traders gain more confidence in the resistance level if the price attempts to rally back towards it but stalls or reverses again, forming another X column at or below the previous high. This repeated failure to break through strengthens the conviction that the identified level is a genuine area of resistance.