Charting - PRICE SCALES
Professional Day Trader Mentorship Program • 12m
Charts are the single most important resource for many day traders, because they provide high-level insights into the market’s psychology. At a glance, they can help evaluate whether a security is trending higher or lower, whether investors are confident or nervous, & what levels are being watched most closely.
Day traders who are proficient in chart analysis can pinpoint when an asset’s price is about to break out, break down, or experience sideways trading. By looking at price action patterns, day traders can identify potential opportunities in the form of support or resistance levels.
The study of charts constitutes a significant portion of technical analysis, which makes them extremely important for day traders to understand. By reading charts every day, traders can become more proficient in using them to identify opportunities & greater their chances of making successful trades.
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