Pre-Trend Chart Patterns Every Trader Should Know: Part I Talking Points: Benefits of Pattern RecognitionThe First Pre-Trend Pattern: Zig-ZagSetting Stops & Profit Targets “…markets are chaotic in nature, but within this chaos are non-random patterns that repeat and are predictable” -Larry Pesavento, Some traders love to look for common price action patterns before entering in the direction of the overall trend to improve ...
Talking Points: Price action is the study of price movements in a market.Many traders look at and use price action because it’s the cleanest view of technical analysis in a market.In this article, we discuss the most basic relationship at the center of price action: Supply and Demand. One of the most difficult aspects of learning to trade is finding which systems, strategies, or indicators might work best given your personal goals in the market. Surely, there are ...
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