The Most Accurate Chart Patterns and How to Use Them  (English, Paperback, Trader Omni)

Everyone who buys a stock thinks it's going up. And everyone who sells to those buyers thinks it's going down. But it is the imbalance between Buyers and Sellers that causes price to change. The larger the imbalance the bigger the change. Price change is seen by the market and creates more price change, which creates patterns of human behavior that we call Chart Patterns. Because human Buy & Sell decisions around money are fairly consistent, these patterns can be "Greed and Fear" From: jrotman.wordpress.com predictive of what the market will do next. If sudden buying causes a "gap", the odds of an additional price rise are high because more buyers will react to the gap and start buying. If price approaches a "support level", buying will increase on the anticipation of a price rise, because of the mere existence of the support level. In this course, we will become familiar with all the important Patterns, learn which ones to pay special attention to, and how to profit from this knowledge.