You can now have the tools to recognize patterns that are in the process of being formed - and give yourself an early indication of where potential opportunities are forming.
Chart patterns are one of the most powerful tools a trader or investor can use to analyze the markets. They are the result of price action, and because price is a level playing field many people choose to trade using charts.
News, reports, economic data, earnings...these can be complicated for the average investor or trader. Even more, this type of analysis is hardly accessible to most people. Price, however, is available to everyone, it can be charted and analyzed in real time. But it does require some expertise. So many people try to master charting analysis and most find themselves at some point memorizing and trying to identify chart patterns on perhaps first a daily chart and then try the same on intraday charts. Finding patterns can be difficult and time-consuming for both beginner and advanced traders. Incorrectly identifying patterns, not finding them soon enough, and not having enough time to scan multiple time frames, stocks and forex pairs can make charting frustrating - and the mistakes can be expensive lessons.
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