Description
The Turning Bar Trading Method
Methods of Trading
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| PatternsPatterns are one of the oldest and most widely used methods for forecasting price movement. The idea behind patterns is that people react in similar ways in certain well defined circumstances. Patterns have specific entry points and sometimes specific exit points.There are a number of patterns and types of patterns available to use. At the right are two common chart patterns that traders rely on. There are also patterns based on one or two (or more) candlestick patterns, such as the Doji patterns (below). There are also more obscure patterns like those used on point-and-figure charts (not my cup of tea). |
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