Ever felt absolutely bewildered after taking a quick glance at a stock market chart? Have you considered taking a technical analysis course, only to let fear and intimidation prevent you from doing so? Many traders and investors believe that these skills are crucial to comprehending the stock market. This discipline is based on the idea that historical trading volume and price fluctuations might offer important information about potential future price movements.
It takes a great deal of work, statistical research, and behavioral economics to uncover various patterns. Fortunately, classes and guides now distinguish between the various categories without requiring learners to understand the labor-intensive steps involved in the identification process. Sure, there are numerous free (and low-cost) courses and YouTube videos on technical analysis but choosing the ideal one without any fluff can be difficult. Even if someone could find a trustworthy source, the depth of information offered in those courses is still in doubt.
In contrast to most books, which just provide an introduction, our editorial team has recently come across a guide covering not one, but fifty various chart patterns. While most are common patterns that any new investor should be aware of, this source reveals numerous others that even professionals miss. We believe both novice and seasoned technical analysts alike will turn to this as their go-to resource. Without any further delay, here’s everything there is to know about The Big Book of Chart Patterns.
What is The Big Book of Chart Patterns?
As the name suggests, The Big Book of Chart Patterns guides readers through several stock market chart patterns to ascertain whether the market is bullish, bearish, or neutral. This book analyzes 50 various chart patterns in detail, and the Trading Tips team claims that having this kind of in-depth understanding makes it easier to choose the optimal entry and exit points and to ultimately, maximize profits. Having technical analysis skills may allow individuals to distinguish between trends that are primarily driven by sentiment and those that are influenced by corporate performance. In order to ease the learning curve, the Trading Tips team has since created The Big Book of Chart Patterns. For those who are concerned about the accessibility of this book, let us focus on the content to be explored.
What is there to learn from The Big Book of Chart Patterns?
At first sight, stock graphs show the price fluctuations of a specific stock over a day, a month, three months, years, and since commencement. However, it’s difficult to tell which way these prices are moving. In fact, the Trading Tips team maintains that it requires a skilled eye to recognize the mysteries needing unearthing. Of course, the technicals don’t always tell the whole story; investors must also take the economy, geopolitics, company performance, and emotions into account. As was already mentioned, it is beneficial to use this opportunity to train the eyes to see things that most people are unlikely to notice.
Below is a quick sample of the type of material contained within The Big Book of Chart Patterns:
- Differences between wedges, double tops, and head and shoulders charts
- The significance of differentiating between the five types of head and shoulder charts
- The most important lesson to remember while examining the three types of double tops and the two types of wedge charts
- How to approach trends to determine the causes of stock price fluctuations
- The significance of volume and how it travels throughout the day
- Measuring methods suitable for various chart patterns
- Recognizing gaps and when they often improve stock performance
- Lesser-known patterns that experts tend to overlook
- Chart patterns showing an impending correction and aggressive buying
- How recognizing a scallop pattern enables traders to exit a stock before it goes under
- A chart pattern that keeps traders from being entangled in a trade
What is included with each Big Book of Chart Patterns purchase?
In addition to The Big Book of Chart Patterns, individuals will have immediate access to:
Bonus #1. The Darvas Box Trading System
The Darvas Box Trading System is an eBook detailing the procedures Nicholas Darvas, a self-taught investor and professional dancer of Hungarian descent, followed to turn a $35,000 investment into $2,450,000. In other words, he made $70 for every dollar he invested. The fact that this return was made in just 18 months in the late 1950s is the most surprising of all. This is also the same person who popularized the “Techno-Fundamentalist Theory” by viewing the stock market as the rise and fall of stocks rather than a measure of good or bad stocks.
Bonus #2. The Gap & Go Trading System
The Gap & Go Trading System is an eBook that devotes a lot of effort to explaining why stock values frequently change before, during, and following market closing. The best part is that this guide addresses frequently asked questions concerning a number of movements that aid investors in making money.
Bonus #3. How to Trade Using The Ichimoku Cloud
The Ichimoku Cloud is a technique that complements charting methods to make sense of stock movements. This approach was created by journalist Goichi Hosada and is meant to assist investors in spotting sudden price changes in virtually all markets (i.e., stock market, foreign exchange, futures, and options among others).
How much does The Big Book of Chart Patterns cost?
Right now, The Big Book of Chart Patterns is available for free. Individuals are only required to pay a $9.99 shipping and handling fee to get hold of it. A physical copy of the main guide, digital copies of the aforementioned bonuses, plus digital access to a three-month subscription to The Option Advisor publication are all included in this price. The latter service, led by editor Bernie Schaeffer, will provide individuals 10 “primed-for-profit” trades each month.
Last but not least, Trading Tips has compiled the following resources for anyone who wishes to supplement the existing course material (at an extra cost):
- The Chart Patterns Cheat Sheet: $10 each
- Swing Trading Mastery (5-part video series on swing trading): $49 each
About Trading Tips
Trading Tips is an independent publishing firm that creates financial newsletters, products, and advisory services. Founded in 2016 by Ian Cooper, the main driving factor behind this platform is to help people become better and more intelligent investors. Moreover, this team hopes to establish long-term relationships with their readers and subscribers. Trading Tips’ resources have often been well-received by the general public since the team has able to instill self-confidence through their straightforward, yet elaborative material delivery.
Speaking of Ian, he has more than 20 years of experience in stock, option, and ETF technical, fundamental, and news analyses. Truthfully, he was one of the few investors who was said to have predicted the top and bottom of the housing bubble, the peak of the subprime and Alt-A markets, the demise of Lehman Brothers and Bear Stearns, the collapse of the UK economy, and even the Dow’s fall to $6,500 (including recovery).
The Trading Tips team has the following to say about their offerings:
“Our products and advisory services teach regular people how to become better and smarter traders. We believe the best way to accomplish that is by establishing long-term relationships with our readers and subscribers. And that’s why we consistently offer trial subscriptions to all of our readers. We do this not to make a profit but, in an attempt, to start building those relationships.”
The Big Book of Chart Patterns by Trading Tips is a trading dictionary that elaborates on several stock chart patterns, as should be obvious from the review above. This team does more than just guide people through the most common types. They even went so far as to analyze the challenging patterns to find, which adds to the intrigue. As important as the foundation is, the fact that Trading Tips has produced a handbook that investors of all levels may use makes it useful. Above all things, having a resource of this magnitude means people won’t ever again have to put in endless hours attempting to comprehend chart patterns.
The latter is evident in the information presented. Trading Tips made sure to include a clear visual for each chart pattern as well as details on the pattern type and directional bias (bullish, bearish, or neutral). A one-page explanation of the pattern is included with the visual. Particularly useful are the paragraphs on pattern and volume descriptions, breakout confirmation, statistical remarks, and chart descriptions. This team actually guides people through the process of reading a chart, including where to start, what the candlesticks are indicating, and where warnings are typically hidden among others.
The overall delivery is the greatest aspect of The Big Book of Chart Patterns since the key points have been expertly condensed so that people are more likely to remember the knowledge as they encounter specific cases. This is, in our opinion, the most effective method to begin applying technical analysis. To learn more about The Big Book of Chart