Pattern analysis may seem straightforward, but it is by no means an easy task.
Technical analysis can at times be less science and more art. In addition, pattern recognition can be open to interpretation, which can be subject to personal biases.
To defend against biases and confirm pattern interpretations, other aspects of technical analysis should be employed to verify or refute the conclusions drawn. While many patterns may seem similar, no two patterns are exactly alike.
There are hundreds of thousands of market participants buying and selling assets for a wide variety of reasons: hope of gain, fear of loss, inflation, tax consequences, short-covering, hedging, stop-loss triggers, price target triggers, fundamental analysis, technical analysis, recommendations and a few dozen more.
Trying to figure out why participants are buying and selling can be a daunting process. Chart patterns put all buying and selling into perspective by consolidating the forces of supply and demand into a concise picture.
As a complete pictorial record of all trading, chart patterns provide a framework to analyse the battle raging between bulls and bears. More importantly, chart patterns and technical analysis can help determine who is winning the battle, allowing traders and investors to position themselves accordingly.
In many ways, chart patterns are just simplified and very visual versions of market structure (MS) changes. They can be used to identify an easier way market structure changes and a way to approach them to make a trade.
In this course, you will learn in detail the most used patterns, including how to identify and use them for your trading, alone or as part of a strategy combined with other tools like fibonacci.
Our objective is to provide you with a very practical and useful view of what patterns are, how to use them, and what details you should consider when trading with them.
Course Content
INTRODUCTION
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Before Starting
MOST USED PATTERNS
TEST
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