[Question] In chart pattern trading, I always feel like it’s just guesswork [Answer]

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Price action type swing trading

【Questioner】

In chart-based pattern trading

I always feel like I am just guessing

Double bottoms and double tops

There are various patterns, but I think you can see them anywhere…

【Answer】

Basically, they are excellent in that they can indicate the most future-moving direction on the chart

Conversely, a weakness is that they may “repaint” in indicators

However, it is also true that this is the most practically adaptable trading strategy in terms of discretion

If you look at the market with indicators alone, many people say, “Repainting sucks!”

Basically, that implies you are effectively looking at the market with your eyes closed

How the market moves

What the trader’s expectations are and in what situation they fall into

That is what chart patterns reveal

What exactly that shape represents

And if the market moves in a way that differs from that pattern

What the trader’s expectations are

Because those can be clearly and concretely elevated and refined

It is very practical as a discretionary approach

Some say it’s luck-based hits

I don’t think so

Since it is easy to apply, please try using it as a discretionary method

With continued refinement, it becomes a highly usable trading strategy

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