Most Common Chart Pattern On Cable

Pipsaholic

Well-known member
277 3
Anyone got historical stats on chart patterns on different pairs?

I read the head and shoulders pattern is the most common in all markets over others never seen stats on it however.
 

Manostrell

Junior member
44 3
Well, it seems to me that such a detailed analysis is a real necessity only if you plan some long-term investments.
Because if you're working with short positions and small capital, you don't need to get such detailed data to determine if dollar prices will rise in the next 24 hours and what level is in the nearest range. It seems to me that if you are so much involved in the process of market analysis, you waste a lot of time and become a theoretical trader, who only does what awaits for some ideal moment.
And it seems to me that this is not the most productive approach. Any approach must be approached reasonably and consciously.
 
 
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