Chapter 3 of Level 3 continues the overview of technical analysis by focusing on chart patterns and the price movements they predict.
In particular, the chapter looks into patterns such as double top, head-and-shoulders, wedge, cup-and-handle, flag, rectangle and more. Additional market conditions that impact these patterns are also investigated and presented.
Chapter 3 also provides discussion on pattern confirmation signs. These helps traders proactively distinguish which pattern is forming and when to expect the price to move in the predicted direction. Useful graphical illustrations of chart patterns are provided.
Chart patterns can be used to make price predictions on any type of asset, including stocks, commodities, cryptocurrencies etc.
This video presents only a brief overview of the chapter. For more detailed information, please read our manuals.
Level 3 Chapter 3
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