This is an introductory book for the chart patterns, which can predict the turning point in the financial market. This book provides the introductory guide for Forex and Stock market trading with these price patterns. The patterns covered in this book include Fibonacci Price Patterns, Harmonic Patterns, Elliott Wave, and X3 Chart Patterns. We provide one unified scientific framework over these chart patterns with some practical examples. This book also provides the detailed description on both geometric and numerical support and resistance in the special chapter. At the end of the book, we provide you the several practical tutorials to help your understanding with these chart patterns. Each chapter provides the self-testing questions to ensure your understanding except few chapters. If you want to read my other two books including “Guide to Precision Harmonic Pattern Trading” and “Scientific Guide to Price Action and Pattern Trading”, I recommend to read this book first because this is an introductory book.
Important note before reading this book
In the book, we provide several practical tutorials as below:
Tutorial with Peak Trough Analysis
Tutorial with X3 Price Pattern in Excel Spreadsheet
Tutorial for Chart Patterns
These tutorials can be a great help in understanding the book. If you need, then you might go for these tutorials first before reading this book. Especially, we provide the free application for Tutorial for Chart Patterns. Direct Download for this application is available from the link below:
Self-training questions in each chapter have time limit to answer. When you read this book for the first time, prepare stopwatch and strictly follow the time guideline. Please do not check answer at the back before you attempt to answer all the questions in the book. In addition, 80% is considered as pass for each chapter. When you attempt to calculate, you can use either Excel or calculator. You might need pencils and papers to draw some patterns in the questions too.
Download Peak Trough Analysis Tool
In the book, we provide some exercise on manual pattern detection. For manual detection of patterns, you need to use Peak Trough Analysis tool. We provide Peak Trough Analysis Tool for free of charge for this book. Here is the download link for the free version of Peak Trough Analysis. Please download Peak Trough Analysis before reading this book. In addition, we provide the practical MetaTrader tutorial with Peak Trough Analysis at the end of this book.
In addition, Optimum Chart provides its own Peak Trough Analysis tool. Hence, you do not need to download Peak Trough Analysis if you are the Optimum Chart User. We also provide the Excel and VBA version of Peak Trough Analysis for free. Please check the Chapter: Algorithm and Prediction for Artificial Intelligence, Time Series Forecasting, and Technical Analysis for the download link for this free tool. Even non-MetaTrader users can practice Peak Trough Analysis.
