Posts tagged: island

Chart Patterns: An Overview

Picture of nested Russian dollsIntroduction:

Consider any field of study, and it soon becomes apparent that topics can be categorized in a nested fashion, much like a set of wooden Russian dolls. In the field of technical analysis, chart patterns are one of the bigger dolls inside of the big doll.

Having a detailed understanding of chart patterns will dramatically improve your technical analysis skill regardless of your trading time frame. The interpretation of shorter term price movement will become clearer when taken in light of the larger chart pattern.

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