Chart Patterns
At the end of the day, the only thing that matters in the stock market is supply and demand. When there are more buyers than sellers, stocks go up. More sellers than buyers, stocks go down. A chart is simply a graphical representation of supply and demand. Any news or information that is important or relevant will show up in the chart. It is a totally unbiased, unemotional, direct representation of everything going on in the stock.
History has shown that stocks often form patterns, and when these patterns are broken, price movements can be predicted with a high degree of accuracy.
Here we discuss numerous popular chart patterns used by successful traders.
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