Sunday, July 14, 2013

Chart Patterns Schmatterns

By now you have an arsenal of weapons to use when you battle the market. In this lesson, you will add yet another weapon: CHART PATTERNS!
Think of chart patterns as a land mine detector because, once you finish this lesson, you will be able to spot "explosions" on the charts before they even happen, potentially making you a lot of money in the process.
Chart patterns are like that funny feeling you get in your tummy right before you let a fart explode.

Chart formations will greatly help us spot conditions where the market is ready to break out. They can also indicate whether the price will continue in its current direction or reverse so we'll also be devising some nifty trade strategies for these patterns.
Don't worry, we'll give you a neat little cheat sheet to help you remember all these cool patterns and strategies!
Here's the list of patterns that we're going to cover:
  • Double Top and Double Bottom
  • Head and Shoulders and Inverse Head and Shoulders
  • Rising and Falling Wedges
  • Bullish and Bearish Rectangles
  • Bearish and Bullish Pennants
  • Triangles (Symmetrical, Ascending, and Descending)

1 comment:

  1. Chennai Web Design & Web hosting Service Call me - 9994251082 , Mail me - classiindia8@gmail.com

    ReplyDelete