What are Chart Patterns in Technical Analysis ?

Question

I wanna know abt the chart patterns like Head and shoulder ,Double top or Double bottom. Lines patterns. Ellliot waves and all . if any one have such material . Share with me . Thanks

Answer 1

You are misguiding me. Chart patterns in technical analysis is the graphic explanation of the activities at certain place on certain occasions including the medical science (for how the blood circulation in the brain, etc.,) Chart patterns like head and shoulder is your creation, I think. In this way, chart pattern in eating won't help. If you need patterns for head and shoulder and so .. it can be helped. Word meanings of chart and pattern do not lead to anywhere.

Answer 2

Here are some good links to start with. You can find out a great deal about technical analysis at Yahoo finance. Technical analysis assumes that the price of a stock is related to supply and demand and that there are patterns that indicate when to buy and sell the stock. Technical analysis is not academically supported, yet most investors pay some attention to it. People are not rational investors at times.