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Trading 101

Trading 101: Chart Patterns, Part 1

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Trading 101: Chart Patterns, Part 1

Introduction

This article was posted on Thursday, 07:32, UTC.

Arguably the most well-known part of technical analysis is the study of chart patterns. Even those not familiar with TA have seen double tops, double bottoms, head and shoulders formations, to name the most famous ones. These patterns are relatively easy to spot and give the illusion that it’s easy to spot a reversal in prices. Although some of the chart patterns have a pretty good track record, it’s very important to know their limitations, their background, and to use them as all other trading tools: to judge probabilities rather than to find The Holy Grail of trading. The Premise…

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Mate Cser

Mate Cser

Trader and financial analyst, with 10 years of experience in the field. An expert in technical analysis and risk management, but also an avid practitioner of value investment and passive strategies, with a passion towards anything that is connected to the market.

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