Chart patterns and trendlines: a named shape is not a test
Turn head-and-shoulders, flags and trendlines into rules written before the fact, or admit they cannot be written.
Module 22 of 26, Reading a chart. Lesson 5 of 7, about 16 minutes.
The takeaway
A chart pattern is only testable once you write down the exact numbers and rules before you see the outcome. Otherwise it is a story you tell yourself after the move already happened.
This page is a public summary. The full lesson has the worked examples, an interactive exercise and a short quiz, and sits in the course. Lessons 1 and 2 of Module 1 are free and the rest need a pass.
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