“In the second part of his “How to Read a Stock Chart 101” series, systems-trading expert Michael Carr explains the basic building blocks of chart patterns. This covers stock trends, support, resistance and gaps. Learn how to read the three types of stock chart trends. Understand the difference between support and resistance. Then, get to know the different types of gaps along with their importance. With this knowledge, you’ll be prepared to understand stock patterns — a skill essential for developing successful trading strategies.–Banyan Hill Publishing
For more investment strategies, visit the Leveraged Inverse Channel.