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 chart patterns. Some people might be curious how these profitable chart patterns are different from the technical indicator widely used like Bollinger Bands, MACD, RSI, Moving average, and so on. Let us put things simply like this. Technical indicators are based on applying some calculation or algorithm on the series of historical prices. Profitable chart patterns are those geometric shapes you can draw in your chart by connecting several price points. More precisely, several price points are higher highs and lower lows. They are also called peaks and troughs in cycle analysis. Using Profitable Chart Patterns are very similar to making use of our own intuition in scientific way.
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 profitable chart patterns. Hence you can always plan your trading ahead of other traders. In addition, it is easy to combine these profitable chart patterns with other analysis technique in your trading decision.
X3 Chart Pattern Scanner is one of the most powerful chart pattern recognition software in the market. This is non-repainting and non-lagging Harmonic Pattern Scanner. On top of the Harmonic Pattern detection, this tool can detect Elliott Wave, and X3 Chart Patterns. As a bonus, X3 Chart Pattern Scanner can detect around 52 Japanese candlestick patterns for your trading as well as advanced channel.