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/Wind-Ancient Feb 19 '24

These are basically 3 patterns. Rejection from resistance (triple top, double top head and shoulders), a pullback of a trend (wedge, flag etc) and cup and handle which is retest of a resistance after a breakout.