The Minimalist Approach To Chart Patterns
By LawrencePart of Art of Chart Reading
There are chart readers who use many patterns. They use so many patterns you have to wonder if it is feasible to recognize them all. Of course one can computerize the patterns and automate the recognitions. But for normal people it is not a feasible solution due to the need of computer programming skills and equipment.
Personally, I am a minimalist in terms of chart pattern recognition. I prefer to study charts in simple and straight forward ways so that my decision making process is as efficient as possible. I have done my research work on chart patterns for a long time and I can tell you that it is the classic and the most basic chart patterns that work best.
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