══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌
After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment; - since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant; - the information that I think is important is very simple and can easily be understood just by looking at charts; For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart.
Thank you all for your support
🔎🔎🔎 ALWAYS REMEMBER "A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist" ═════════════════════════════ ⚠ DISCLAIMER ⚠ The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
Interesting, I see alot of your analysis are near resistance levels why do you see a breakout?
TheArtOfCharting
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@EngagedTrader101, actually, at the time I post an idea, I don't see any breakout yet. You are right, I usually post ideas at or around the boundary line of the patterns to alert you in advance so you can decide if it fits for your style or not and, if so, you may add it to your watchlist and then keep following it by yourself. When you see the "Breakout Area Above/Below" line, It is there to show you where, in my personal opinion, is the area beyond which I would consider a breakout as a valid one but it is not happened yet and, of course, you may have a different opinion about it. Thanks for your comment