The Psychology Of Chart Patterns Loren Fleckenstein More than once, finance profs have told me that chart patterns don't work. Maybe it's time for you to visit TradersWire s Intraday Momentum Data. You don't need to be an options trader to take advantage of extremes in crowd sentiment. The climax run represents a critical selling stage where the trader can sidestep steep losses and lock in a rare windfall before a highflier breaks apart. In my experience, symmetry exerts a strong psychological influence on stock movement.
People think in images.
In this age of momentum trading, once an underlying trend unravels, stocks are often magnetized to prior extremes in price. Dave Landry Picking tops and bottoms can be costly, as markets are prone to long-term continuation moves and false reversals. On the other hand, blindly jumping on an established trend can also be costly, as these markets are prone to correct. The first in a series of lessons to help you identify high-probability trading opportunities using specific trade logic. In this lesson, I will show you how to use the setups we provide in the Insights From The War Room, combined with volume, to spot profitable setups in all time frames.