How to Spot Day Trading Chart Patterns | DON’T Let Fake Patterns Creep into Your Futures Trading Ideas
This article on Day Trading Chart Patterns is the opinion of Optimus Futures. Stats presented have not been verified across all Futures contracts, and should only provide a rough guide as a reference.
Reading trading patterns and being able to distinguish a solid setup from a fake one is critical to successful day trading and swing trading. When it comes to identifying “fake” day trading chart patterns, it’s not the patterns you should be looking at but the underlying conditions which can easily “turn” patterns from reliable to unreliable. To deal with disrupted patterns, it helps to know the odds with regards to failure rate, pullback rate, target success rate, and average return.
If you want to increase your