In this week's edition of WealthWise Women, Erin and Mary Ellen discuss the use of chart patterns in your trading decisions or as ways to add another dimension to your analysis. Looking at some popular patterns that worked and some that didn't, the two show how chart patterns can point to where you mark the "X" on your "treasure map," using the targets that can be calculated from the expectations of these formations.
This video was originally recorded on February 13th, 2020. Click on the above image or this link to watch a larger version on YouTube.
New episodes of WealthWise Women air on Thursdays at 3pm ET on StockCharts TV. Archived episodes of the show are available at this link.
About the author:Erin Swenlin is a co-founder of the DecisionPoint.com website along with her father, Carl Swenlin. She launched the DecisionPoint daily blog in 2009 alongside Carl and now serves as a consulting technical analyst and blog contributor at StockCharts.com. Erin is an active Member of the CMT Association. She holds a Master's degree in Information Resource Management from the Air Force Institute of Technology as well as a Bachelor's degree in Mathematics from the University of Southern California.
About the author:Mary Ellen McGonagle is a professional investing consultant and the president of MEM Investment Research. After eight years of working on Wall Street, Ms. McGonagle left to become a skilled stock analyst, working with William O’Neill in identifying healthy stocks with potential to take off. She has worked with clients that span the globe, including big names like Fidelity Asset Management, Morgan Stanley, Merrill Lynch and Oppenheimer.