CHART PATTERNS
TECHNICAL TREND ANALYSIS & CHART PATTERN RECOGNITION
Identifying chart patterns is simply a system for predicting stock market trends and turns!
Hundreds of years of price charts have shown that prices tend to move in trends. (I'm sure we've...
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CHART PATTERNS
TECHNICAL TREND ANALYSIS & CHART PATTERN RECOGNITION
Identifying chart patterns is simply a system for predicting stock market trends and turns!
Hundreds of years of price charts have shown that prices tend to move in trends. (I'm sure we've all heard the
saying, 'the trend is your friend'.) Well, a trend is merely an indicator of an imbalance in the supply and
demand. These changes can usually be seen by market action through changes in price. These price changes
often form meaningful chart patterns that can act as signals in trying to determine possible future trend
developments.
Research has proven that some patterns have high forecasting probabilities. These patterns include: The Cup
& Handle, Flat Base, Ascending and Descending Triangles, Parabolic Curves, Symmetrical Triangles,
Wedges, Flags and Pennants, Channels and the Head and Shoulders Patterns. In my opinion, these are some
of the best patterns to trade.
This section is designed to introduce you to some of th
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