Recent content by Mark531

I've just read a TA book that presents such research with concrete statistics about the percentage of reliability of patterns, the probability of pullbacks, etc. The author pretends that chart patterns can be exploited and profitable on any timeframe, provided that the asset are liquid enough...

@1nvest Thanks for sharing your strategies. Well, the break of highs and lows is precisely what I'd like to achieve here. :) @tomorton I found several technical analysis books asserting that chart patterns (or even candlestick patterns) could be traded on any timeframe. It's also true for...

@1nvest Well, my first assumption when trading a range is that the price will alternatively reach either bound. At least it's the "predictive" edge ranges are credited with. Maybe I just wasn't lucky with that one. :) Don't get me wrong, I didn't say your analysis was bad, I just said it was a...

@1nvest Thanks for your proposal. Ok for the support line, but your resistance seems more doubtful in that four highs don't actually reach it. That's what makes me hesitate as for this price chart representing a simple channel. To explain my logic a bit more, I try to capture the chart pattern...

@1nvest I'm sorry I don't quite follow your reasoning. I joined highs in the order they appeared. The upper line joins 4 highs, so it seems to be significant, isn't it? At least it was significant until the false break out. And that was precisely the point of my question. Now, if you think I'm...

Hello everyone, I'm Mark and I'm currently training to recognize chart patterns properly.

Hello, I'm currently training to identify chart patterns in price histories for different assets and I ran into a pattern I can hardly recognize. Here is a snapshot of a EUR/USD M1 chart in Jan 2018: The first part of the chart looks like a triangle/wedge, but I fail to understand the last...