The Success and Failure of Chart Patterns and Their Statistics
Pattern recognition is the basic and primary ability any trader develops in Technical Analysis. It may be basic development, but the perfection of pattern recognition takes extensive practice and repetitive exposure. The expert recognition of patterns helps traders to quantify and react to the changing market environment. One of the most complex issues of Chart Patterns is to identify them correctly and follow their trading conditions and rules. The success and failure of chart patterns are genuinely determined by traders' understanding of the market context around patterns, optimal conditions, and well-researched trading methods.