Get a comprehensive understanding of decoding the profit patterns & learn how to analyze the movements in the financial market such as stocks & commodities with the use of 'Candlestick' & 'Chart' patterns.
Welcome to our course on the technical analysis of the stock market, where we dive into the essential tools that help traders understand the trends in markets. This course focuses on visual tools known as "Candlestick" and "Chart" patterns, mainly used to analyse the profit patterns of a stock or commodity in a particular time frame. These patterns repeats often in market as they are associated with the emotions & aggression of buyer as well as sellers, investors & traders can learn to identify them and apply them to enhance their learning.
What is a Candlestick pattern?
Imagine candlestick patterns as pictures showing how prices change over time on a chart. Each candlestick, tells us how and where were the buyers and sellers inclined at a certain moment in the time frame.
Candlestick patterns are formed by grouping multiple candlesticks based on their characteristics and shapes. They help traders figure out if the market might change direction or keep going the same way. Traders often use them to make trading decisions.
How do they help?
Candlesticks and chart patterns are essential tools for understanding how prices move in financial markets like stocks and commodities. They help traders to study and predict market movements and make smart choices.
What is a Chart pattern?
Chart patterns on the other hand are broader formations that traders use to guess where prices might go next. They're drawn on charts and split into two types: patterns showing a possible change in direction (trend reversal) and patterns showing that the trend might keep going (trend continuation)
How do they help?
Investors / Traders use chart patterns in conjunction with other technical indicators and analysis methods to make trading decisions. Recognizing and understanding these patterns is super important in predicting market movements and managing or minimising risk.
Candlestick and chart patterns are valuable tools in the technical analysis toolkit. Traders use these patterns to gain insights into market sentiment and make informed decisions about when to buy, sell, or hold their positions in financial markets.
We will also have a monthly live revision webinar, even if you’re unable to attend the recording will be shared in the SMB | Profit patterns course on the website. Candlestick and chart patterns are valuable tools in the technical analysis toolkit. Traders use these patterns to gain insights into market sentiment and make informed decisions about when to buy, sell, or hold their positions in financial markets.