Chart patterns can sometimes be quite difficult to identify on trading charts when you’re a beginner and even when you’re a professional trader. Using popular patterns such as triangles, wedges and channels, coupled with our bespoke star rating system, we have a tool that updates every 15 minutes to continuously highlight potential emerging and completed technical trade set-ups. You can also apply stock chart patterns manually on your trading charts as part of our drawing tools collection.
Trading chart patterns often form shapes, which can help predetermine price action, such as stock breakouts and reversals. Recognising chart patterns will help you gain a competitive advantage in the market, and using them will increase the value of your future technical analyses. Before starting your chart pattern analysis, it is important to familiarise yourself with the different types of trading charts.