MarketSmith Pattern Recognition takes the guesswork out of chart reading by automatically highlighting any of seven potential patterns in a chart using a bright green underscore. Seeing these patterns helps you identify positive stock movements and more easily apply them to your investment decisions.
This premium upgrade includes an incredibly time-saving hover box that details key data points about the highlighted pattern that you would otherwise spend considerable time calculating—such as the stock’s base stage, length and depth of base, depth of handle, pivot point, and current percent from pivot.
Pattern Recognition also provides guidance on market timing. When a stock breaks through its pivot point, key pivot, profit, and loss ranges are highlighted by shaded bars. These ranges are based on the investment wisdom of stock market legend William J. O’Neil; you can read more about how these ranges are determined in his best-selling book How to Make Money in Stocks.
With an upgrade to MarketSmith Pattern Recognition, you’ll see base patterns as they develop—instead of after the fact—and learn how to put them to proper use in your investing routine.
Patterns:
- Cup With Handle
- Saucer
- Double Bottom
- Flat Base
- Ascending Base
- Consolidation
- IPO Base
Note: This add on requires a subscription to MarketSmith.