Technical analysis: waiting vs. expecting/forecasting (4-hour chart 1-minute bar)

Traders can forecast market movements using technical analysis. One should have an mindset of expecting patterns and conditions to develop instead of outright waiting. That is, one should use indicators and patterns to anticipate the next few minutes. For instance, the RSI indicator hints to when a market is about break a support zone (channel borders). Among other usefulness, technical analysis can also predict if and when a rejection zone will fail or succeed.  While this is easier to do on a one-week chart, it takes practice on the 4-hour chart 1-minute bar.

Be patience! Fear only the stampede. And remember to keep it simple.

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