Chart Lessons Every Trader Should Learn (Before It’s Too Late)
Trading isn’t just signals and hype — it’s about understanding what price really says. Let’s break down key lessons from reading charts π 1/ Price Moves in Waves π Markets move in impulse (trend) and correction (pullback) waves. π Uptrends = Higher highs & higher lows π Downtrends = Lower highs & lower lows ➡️ Master this & you’ll read the market like a pro. 2/ Volume Confirms the Move π A breakout without volume = π© fakeout risk. ✅ Rising volume = strong conviction ❌ Low volume = weak or suspect move π Always read price with volume. 3/ Support & Resistance Are Zones, Not Lines π§± Don't expect perfect touches. π Use zones to anticipate bounces or breaks. π§ Flexibility > Precision in real trading. 4/ Trends End With Clues π Watch for: ⚠️ Divergences (price up, momentum down) ⚠️ Failed breakouts ⚠️ Reversal patterns (Head & Shoulders, Double Top/Bottom) The market whispers before it shouts . 5/ Breakouts Need Retests π Many g...