By now you have an arsenal of weapons to use when you battle the market. In this lesson you will add yet another weapon: CHART PATTERNS!
Think of chart patterns as a land mine detector, because once you learn this, you will be able to spot “explosions” on the charts before they even happen, making you a lot of money in the process.
In this lesson, we will teach you basic chart patterns and formations. When correctly identified, it usually leads to a huge breakout or “explosion” in this case.
Remember, our whole goal is to spot big movements before they happen so that we can ride them out and rake in the cash! Chart formations will greatly help us spot conditions where the market is ready to break out.
Here's the list of patterns that we're going to cover:
Forex Training Class Lessons in 7th Grade: Important Chart Patterns
- Pattern Schmatterns
- Symmetrical Triangles
- Ascending Triangles
- Descending Triangles
- Double Top
- Double Bottom
- Head and Shoulders
- Reverse Head and Shoulders
- Summary of Chart Formations
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