Chart patterns are as reliable as any other trading strategy you can imagine. You won't attain perfect accuracy, but if you build a strategy around these patterns that is correct 60% of the time and yields at least two times your risk as winnings on positive entries, you should end most trading years in the black.
Simply place an order above or below the formation to trade these patterns (following the direction of the ongoing trend, of course). Then aim for a target that is at least the size of the wedge or rectangle chart design. When it comes to pennants, you might aim higher and target the mast's height.
Chart pattern studies play an important role in technical analysis in the stock and commodity markets. When data is plotted, there is usually a pattern that emerges and repeats itself throughout time. Reversal or continuation signals are employed with chart patterns.
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Waris Khan
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Best Course For Technical Analysis
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aayush rathor
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I think you are giving best content in free of cost
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Ainul Sk
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Parmanu sar bahut achcha sikhate Hain bahut best parvaan sar aapko Dil Se kahta hun aap bahut dhanyvad bahut acche karte ho aap acche se confidence achcha samjhate Ho. Main yah puchna chahta hun ismein Mani SMC in Samsung trading kitne type ka hota Hai sare type ko Apne cover kiya ke technical analysis mein sar please bataiyega
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Best part
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Gopal Gondliya
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Technical analysis is a so beautiful topik and more beautiful is yash parmar sir ,his teach work is excellent 👌
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