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Stock Market Charts and Stock Chart Patterns
The result of this is to predict the probable direction in which the stock will move and where it will probably stop. There are millions of stock market participants, buying and selling stocks for a broad variety of reasons:
And there are many, many more.
Some stock patterns indicate that demand is greater than supply; others show the opposite and then some imply that they are likely to remain in balance for some time. Stocks trace various patterns for reasons soundly based in human psychology-and it’s psychology that determines stock movements. Reading stock charts, or stock market graphs, and chart pattern analysis can be used to make short term or long term forecasts. The data can be:
Stock patterns can be as short as one hour or as long as many years. Chart patterns can be open to interpretation, and other aspects of technical analysis should be used to verify or refute the conclusions drawn. While many patterns may seem similar in nature, no two patterns are exactly alike. Careful and constant study are required for successful stock chart analysis. If you commit, learning how to read stock charts can be a fun and exciting adventure!
The "Trading Classic Chart Patterns" section will serve as a handy reference guide for your favorite chart patterns, including broadening tops, head-and-shoulders, rectangles, triangles, and triple tops and bottoms. You’ll quickly learn about the Adam-and-Eve combinations of double tops and bottoms, and how to select the best performers while avoiding the losers.
Two Pattern Groups _______________________________________________________________Chart patterns fall into two main groups; reversal and continuation. Reversal patterns indicate a change of trend and can be broken down into top and bottom formations. Continuation patterns indicate a pause in trend and that the previous direction will resume after a period of time.
The following stock market charts and patterns will be reviewed in detail for you:Reversal Patterns
_______________________________________________________________ Recommended Stock Chart Patterns Tools and Resources _______________________________________________________________ _______________________________________________________________ Recommended Technical Analysis Tools and Resources _______________________________________________________________ _______________________________________________________________ Recommended Technical Stock Market Software _______________________________________________________________
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