Chart Lesson: Introduction

When it comes to learning chart patterns, it is important to remember that charting is an art, not a science.  A strategy may be proven as a success or failure by science, but there is no mathematical formula for success.

While it is important to learn the different chart patterns and what they generally mean, it is also important to remember that each situation is different from the last.  That is why as you identify patterns or potential patterns, understand and consider all of the possible outcomes that pattern may bring.

As I learn new charts, I will post a small breakdown of each.  It is important to review these every day and become familiar with all of the possible patterns that can emerge on a chart.  The more you learn and practice, the easier it will be to identify patterns and understand the future direction of the market.