Guide to Profitable Chart Patterns in Financial Market
Profitable Chart Patterns include Fibonacci Price Patterns, Harmonic Patterns, Elliott Wave, X3 Chart patterns as well as many other tradable patterns.
Some people might be curious how they are different from technical indicators widely used by trader like MACD, RSI, Moving average, etc.
Let us put things simply like this. Technical indicators are based on applying some calculation or algorithm on the series of historical prices.
Patterns are those geometric shapes you can draw in your chart by connecting several price points.
Patterns are very similar to making use of our own intuition in scientific way.
Scientifically reproducible patterns are the valuable assets for our trading.
You can always include them in your trading portfolio.
Profitable Chart patterns are the good buy and sell signal generator in financial market. It can provide you the early signal at the turning point. Unlike other technical indicator, you are not lagging with these patterns. Hence you can always move ahead of other trader.
In addition, it is easy to combine with other analysis technique in your trading decision.
In this book, we provide the introductory guide for these chart patterns. It is probably good to read this book before using these chart patterns although this is not compulsory.
X3 Chart Pattern Scanner is the most powerful pattern recognition software in the market. This is non-repainting and non-lagging Harmonic Pattern Scanner. On top of that, this tool can detect Elliott Wave, and X3 Chart Patterns. As a bonus, this scanner can detect around 52 Japanese candlestick patterns for your trading.