The Art of Chart Reading is The Key To Making Money
Chart reading is arguably the most important skill in day trading and making money. Chart reading is key to finding profitable trade entries and exits.
If trading is the most valuable skill you can learn (it is), then chart reading is the most important skill in trading. Did you know that day trading can provide income for the rest of your life?
When you learn trading, you can make enough money in just a few hours a day to live comfortably so you can live without fear of running out of money.
On November 12th the S&P clearly shows the formation of side by side white lines (candles) in the previous two trading sessions. Side-by-side white lines are typically seen as continuation patterns, particularly following a gap the previous day. The side-by-side white lines on November 8 and 11th however did not take out the highs of the previous days, indicating a possible down day in the market.
