In this week's "Traders Whiteboard" lesson, I dive into two chart patterns that the pros use everyday to great effect. The chart patterns that we will be looking at are two of my favorites as they have a reliability factor of around 90%.
The chart patterns in this video trading lesson are well known inside the professional trading community. However, outside of the pro circle they seem to be shrouded in mystery.
In this 5 minute video, I peel away the layers of mystery and show how you can benefit from these two very reliable and profitable chart formations.
What's amazing about these two chart patterns, is the fact that after my 3 decades of real world trading, they continue to repeat themselves, over and over again.
This phenomenon is likely to continue into the future as it reflects human nature. We know for a fact that no matter how smart we think we are, our basic genetic nature has not changed in over 2,000 years.
With that fact on our side, I think it's a safe bet that these two chart patterns will likely stick around for the next generation of traders.
Enjoy the lesson.