Chart Patterns in Trading: A Practical Guide for Beginners
Chart patterns are important tools in technical analysis that help traders understand market structure and identify potential continuation or reversal setups. This article explains popular patterns such as double tops, double bottoms, head and shoulders, triangles, flags, pennants, and rectangles. It also covers confirmation, support and resistance, volume, risk management, and common mistakes. Understanding chart patterns can help traders make more structured decisions while recognizing that no pattern guarantees a particular market outcome.