Graphic Patterns and How to Use Them to Maximize Trading Earnings
- 10.2991/aebmr.k.201211.047How to use a DOI?
- Graphic patterns, chart formations, trading
When we begin to study technical analysis in more detail, we will undoubtedly come across graphic formations or patterns. Graphic formations in technical analysis go hand in hand with the development and plotting of a price chart. They are most often associated with the use of candlestick price charts of various financial assets. The aim of our article will be based on the methods of formal logic to summarize the theoretical apparatus behind graphic formations and identify the advantages and disadvantages of their application as an analytical tool for the future price development of financial instruments. In the first chapters of our article, we elaborated in detail the theoretical basis of the problem. We developed the issue of technical analysis, explained the basics of Dow’s theory and introduced its basic principles. In the following chapters, we focused on the candlestick chart as a basic starting point for graphic formations. We have seen a few examples of graphic formations and theoretically processed their interpretation and logic. In the last chapter, based on the procedures of formal logic, we determined the general advantages and disadvantages of graphic formations.
- © 2020, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Jan CHUTKA AU - Ladislav VAGNER PY - 2020 DA - 2020/12/14 TI - Graphic Patterns and How to Use Them to Maximize Trading Earnings BT - Proceedings of the Fifth International Conference on Economic and Business Management (FEBM 2020) PB - Atlantis Press SP - 275 EP - 278 SN - 2352-5428 UR - https://doi.org/10.2991/aebmr.k.201211.047 DO - 10.2991/aebmr.k.201211.047 ID - CHUTKA2020 ER -