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Benjamin Tang

Improving Pattern Recognition skill

By Benjamin Tang, in Day Trading Basics

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Benjamin Tang    4

Benjamin Tang
Posted

I want to improve my pattern recognition skill. Besides ripping through charts, watching trade reviews / recaps from other traders etc, What else can i do? any suggestions?

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Alastair    114

Alastair
Posted (edited)

Depends on how serious u r abt reading and understanding ALL the possible patterns.  Wave patterns and Candle patterns r different but can be used together.

For wave patterns and wave structure  look here https://www.youtube.com/user/elliottwaveforecast1.   Theory used from 1940+ and holds true today, which hedge fund managers use and has fixed rules.  Top down analysis is used or MTF..... multi-time-frame analysis.

Important to understand WXY and WXYXZ wave patterns....works on all Time-frames.

 

 

 

Edited by Alastair
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