Does anyone else sometimes feel completely lost looking at chart patterns

Try to understand the market chart pattern to catch the market movement. The more you understand the market, the more it will be effective for you.

Keep it simple and systematic when analyzing so that you have a list of items that you run through every time you look at a chart.

Some of the things I look at

  • the overall direction
  • the current direction
  • the most recent break of structure
  • the market structure range
  • the most recent swing high and swing low
  • recent price action
  • supply and demand zones to determine which is in control
  • areas of value to take a trade from

I run through this “checklist” to form a narrative that makes sense. This way I’m looking at the chart with a purpose based on how I engage with the market. Some of these are done deliberately, some are done intuitively, and some are done simultaneously.

If you trade falling wedges and rising wedges because that’s where you have found your edge, look for those and those only. Don’t distract yourself from your edge looking for head and shoulders and double tops. If you don’t see your edge on the current chart, move to a different time frame or a different pair.

Here’s a tip: The line chart makes finding patterns easier.

Good Luck!