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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Ayan Mondal
5
Best technical Analysis course for beginners to pro
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Digvijay Dattatray Pawale
5
Good
A
Amir Tufail
5
So it's mean that Trends are 3 types : i) Bullish (ii) Barresh (iii) Siteway
And Traders are i) position trader (ii) Swing Trader (iii) Day trader (iv) Scalper Trader
B
Bhimani Nirbhay
5
good l
M
Mohd Abdullah
4
Nice
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Akash Kumar
5
NA
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Bhupendra Yadav
5
Sir Its Very Ausome Course And Your Tecnic Is Very For Teaching
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Deepanshu Singh
5
Best Technical Analysis Course....
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md arman
5
i watch this 4,5 times but really i don't understand the topic.
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