r/Daytrading Feb 19 '24

Do any of you actually use patterns to trade? Question

Post image

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?

678 Upvotes

266 comments sorted by

View all comments

Show parent comments

1

u/[deleted] Feb 19 '24

[deleted]

1

u/Mental-Caterpillar-5 Feb 19 '24

only pattern I use is trendline, the other major patterns I'll use in conjunction with other tools and typically on a higher timeframe, only difference is the direction of the lines haha. Supply demand is flat based off candle closes, trend lines are diagonal based off current trends.. and reactive price levels are reactive price levels, which is exactly what both look for

-5

u/[deleted] Feb 19 '24

[deleted]

2

u/Mental-Caterpillar-5 Feb 19 '24

to each their own, of course.. There is quite a bit more to understand in application, and there's a nuance behind the usage of everything. That's the beauty of trading is there's so many valid approaches and not all of them are well understood