Timothy Sykes stock patterns are reoccurring and predictable, according to the millionaire penny stock picker.
“But just because you know and recognize a pattern doesn’t mean you’ll find success with it. There’s MUCH more to trading than patterns” said Timothy Sykes.
Timothy Sykes stock patterns, being able to recognize and know how to trade them is one of the reasons why the penny stock traders were able to turn USD 12,425 into USD 6,677,850.
“But just because you know and recognize a pattern doesn’t mean you’ll find success with it. There’s MUCH more to trading than patterns” said Timothy Sykes.
“just because you know and recognize a pattern doesn’t mean you’ll find success with it”
TIMOTHY SYKES
For Timothy Sykes stock patterns are just one factor in the equation of Timothy Sykes’s penny shares trading success
“/price is one of seven key indicators I use to determine if a trade is worth the risk“ said Timothy Sykes.
What are chart patterns?
Chart patterns are the recognizable price trends that stocks follow repeatedly. Timothy Sykes believes that if you can recognize patterns well enough, it can be like seeing the future
“And the more you study their forms, the better you’ll get at spotting them” said Timothy Sykes.
“One reason I’ve made more than $6 million in trading profits is because of these patterns. I’ve kind of got a sixth sense for them now” he added.
“One reason I’ve made more than $6 million in trading profits is because of these patterns. I’ve kind of got a sixth sense for them now”
TIMOTHY SYKES
But Timothy Sykes also notes that stock patterns are not always accurate.
“How well a chart pattern can work can change over time. And sometimes patterns won’t work at all” he said.
Timothy Sykes stock patterns number a dozen
“There are only about a dozen patterns I consider relevant. I only trade a few select patterns. At any given time, I focus on one or two. I rarely stray from the pattern I’ve been leaning on until it stops working. Then I adapt” said Timothy Sykes.
“Reversal patterns are just the opposite. After the pattern plays out, the trend is likely to reverse” – Timothy Sykes
Timothy Sykes stock patterns can be identified as a chart pattern screener
“A stock chart pattern screener is one of the holy grails of stock technology. There are AI-assisted pattern search engines currently on the market. But I can’t recommend relying on them exclusively. You need to understand why an algorithm likes a stock before you trade” said Timothy Sykes.
What are Timothy Sykes stock patterns?
So, a continuation pattern points toward the trend in price action continuing.
“Reversal patterns are just the opposite. After the pattern plays out, the trend is likely to reverse” he said.
Meanwhile, a bilateral pattern could go either way. Buyers and sellers are evenly matched, and the price action bounces back and forth. This happens a lot in a volatile market.
“Humans like patterns. We’re drawn to them and seek them out” he said.
