Charting Is Part Science, Part Art

Although higher math is crucial for technical analysis, there’s also what I like to refer to as the art component. Some people seem to have a knack for looking at charts and getting an instant (and profitable) feel for how the future trading action will develop with a stock or market. I think these few talented individuals just have a sixth sense, much like traditional artists have natural talents. These abilities are rare, but I’ve seen them in action. Unfortunately, it wasn’t when I was looking in the mirror.

That said, I have been able to take the natural talents I do have for analyzing charts and enhance them with study and practice. You can do the same! Keep reading up on your patterns and maintain a watchful eye on your charts, and you can develop the ability to analyze and trade quickly and efficiently, too.

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