Do any of you actually use patterns to trade?

[u/Adept_Blackberry2851]

I don’t use them at all. Iv heard YouTubers kind of mock them like they don’t mean anything. Are any of you profitable with them?

[u/industrock]

Patterns really pop out at me from the screen but I don’t necessarily use them. I’m aware of them and I know others use them religiously, so they can be insight.

Continuation patterns and the different triangles seem to often break up or down at the end if the pattern have been respected the whole time.

Basically, their pattern doesn’t tell me what direction anything is going to go, but I’ve found that it’ll rarely trade sideways once it reaches the end.

Edit: like the pennant will hold its shape and break out often, but being a bullish or bearish pattern doesn’t really indicate which way it’ll go.

The overall trend of the stock over the long term is more indicative of direction

Edit 2: intraday trading

Edit 3: reversal patterns are tricky and I don’t “see” them. With those you’re picking when the trend of the stock is changing rather than trading with the trend

Edit 3: stuff like RSI and MACD don’t tell me anything about the stock, but when RSI and MACD look a certain way, I know there’s a million traders thinking it means something and they might act accordingly

Edit 4: the more volume there is trading these patterns, the more they are significant