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What causes chart patterns to fail?

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As a trader, there are a number of reasons why chart patterns fail. The most common reason is that the pattern is only a structure which made it invalid in the first place.

One of the major reasons why chart patterns fail is that the market is controlled by fundamentals which are the political, economic, and news from financial institutions.

However, the market has always been changing. What worked yesterday might not work today. This is why it’s so important to stay up-to-date with the latest market news and analysis.

Read the complete article Why Do Chart Patterns Fail? Originally published on November 18, 2022.

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