Five Chart Patterns Every Investor Should Know
Investors analyze chart patterns to make both short-term or long-term forecasts. The data can be compiled intraday, daily, weekly or monthly and the patterns can be as short as one day or as long as multiple years. Below we will look at a few both new and experienced investors can learn from. Head and ShouldersThe Head and Shoulders chart pattern is known for its reliably in predicting a reversal in trend. There are two versions of the head-and-shoulders pattern: the kind that forms at the top of a run and the type that signals a downtrend is over (known as…