med term target, page-6

I came to the view not long a go that a chart can never be wrong!(obviously).or rather theres no such thing as a pattern failure, often our interpretation of whats unfolding can be wrong if we are only looking at one possible scenario, for example a cup and handle that doesnt breakout to the upside on a daily chart was never a cup and handle in the 1st place, but more likely a resistance level in a larger time frame, unfortunatly we cant trade the left of the chart only the right side as it unfolds.but usually out of the multiple senarios unfolding from the left of the chart one will stand out with clarity(often the long term pattern) until it morphes into another phase and then the process begins again, its a matter of continually updating you view as the information presents.