What value does service bring to chart pattern identification?
Like many investment disciplines, chart pattern identification and analysis is a manual activity that has long been considered more of an art than science. A chart is drawn, either by hand or on a computer screen. The analyst looks at the chart over different price scales and using different time periods to attempt to visually determine if any of the 50 or so known chart patterns are forming. If the analyst does not see any patterns on the chart they continue on to the next chart.
