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This video covers the automated trading patterns section of our platform.
We highlight the best use of these patterns as well as some new features we’ve recently added.
What are chart patterns? Chart patterns appear when traders are buying and selling at certain levels, and therefore, price oscillates between these levels, which become support and resistance trendlines and which create patterns. When price finally does break out of the price pattern, it can represent a significant change in sentiment.
Our platform automatically recognizes 16 common trading patterns and indicates the likely price path going forward.
Traders can use altFINS to scan the markets for:
Tip: altFINS also categorizes patterns as either Emerging or Complete. Swing traders should find Emerging patterns very useful, while Trend traders should focus on Complete patterns (i.e. breakouts).