So You Think that Patterns are Useless? Reevaluate it.

Hey, I am back with another, this time educational analysis.

In this educational analysis you can see some obvious patterns in the chart, that helps you decide when to buy or sell.

Simple usage of just three indicators, Volume , RSI , and MACD .

At first I though, sure, how can some pattern show me the price movement.. But I was wrong.

Ok, so in the time of 9 hours, we can see two Pennants , one Ascending Triangle , Head and Shoulders and Small Flag. If u were this time, during the breakout looking at the graph, and you were able to spot all these Patterns you could earn 62,5% in 9 hours!

For Example, The top of head and shoulders, the top was when it did triple top on RSI and MACD showed trend reversal.

Unfortunately, in the 15 min chart, it looks kinda Meh, so please, take a look lower, where is the 1 min chart, that is a lot more clearer.

Tradingview doesnt allow to post less than 15 min charts.



Thanks!