The most Successful and Important patterns to forecast market direction for tomorrow
There are only a few simple and high applicable methods among different types of analytic methods and economical mathematic theories and ideas (indicators) to forecast the direction of tomorrow's market which is approved by all professional traders in the financial markets!
In the war between buyers and sellers, it takes at least one day to identify the probable final winner. So, the winner at the closing of daily candle each day is likely to determine the market's direction for next day!
In this manner, the 4CastMachine software analyzes all markets at the end of each trading day and discovers the best trading opportunities for tomorrow based on the most successful and important patterns to forecast market direction for tomorrow.
The most important ones are:
- Peak and Valley (Trough) in the price
- Hammer and Shooting Star pattern in daily timeframe
- Hammer and Shooting Star pattern in a two-day timeframe
- Long Bars in daily timeframe