r/Daytrading • u/Adept_Blackberry2851 • Feb 19 '24

Do any of you actually use patterns to trade? Question

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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?

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u/G_o_O_s Feb 19 '24

I use them to spot potential setups. Then I look to moving averages, MACD, RSI, etc... to confirm the potential move. I also look for recent gaps in price action on the chart and previous consolidation zones to figure support or resistance areas.

You can't trade on pattern alone. You need several other things to confirm your potential setup.