Chart patterns are a popular technical analysis tool, and they’re used by millions of traders to help determine which direction a security is predicted to move in. They can signal a potential trend reversal or continuation, or they can simply indicate indecision between buyers and sellers.URL :theinvestorscentre.co.uk
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There are a number of different types of chart patterns, including reversal, ranging, and bilateral, and learning how to recognize them can give you a new perspective on your trading. There are also many tools available that can automatically identify and plot chart patterns on price graphs, including some built into platforms like TradingView.