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Best Kept Secrets of Never Before Published Chart Patterns
Free Lesson
Author - Michael T.P. Wang at http://www.1stock.info - June, 2004
Introduction
of Best Kept Secrets
Chart Pattern Secrets - Falling Flag
Chart Pattern
Secrets
- Rising Flag
1.) Introduction of Best Kept Secrets
After years of studying different technical analysis methods, I have abandoned all technical indicators except chart patterns. Chart patterns can be used to find accurate price targets with easy calculation that even a ten-year-old could understand. Without knowing the calculated target price, people may exit a stock position too early or too late. Similar chart patterns may appear repeatedly daily in many stocks in different time frames, including 1 minute, 5 minutes, 15 minutes, 60 minutes, daily or weekly charts. Chart patterns can be used by day traders, swing traders, short term and long term investors.
I recommend use of Qchart software which provides precise trend line drawing and Fibonacci Retracement tools which stay the same after switching to different time frames.
It is important to view stock charts in candlestick mode in order to find accurate price targets.
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