When scouring for day trading ideas, certain recurring chart patterns produce excellent opportunities to profit. These chart patterns work well because they provide entry points that occur within the context of a trend. When you uncover these chart patterns, you can feel confident that the risk-reward ratio leans in your favor. These patterns occur just above or below important support and resistance levels after a trend has started. They provide you with a chance to time the entry as well as an ideal place to enter your initial stop-loss.
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