gold, page-29511

Personally charts are for finding the technical levels and waiting for the reversal. When price test those levels you either become the early bird and take that level or wait for a particular reversal signal whatever tool you use. As for stops placement again depending on methodology, too many options to get into here. Ditto targets. Just because it looks like a no brainer trade does not mean that price will get to your anticipations. I use the chart to manage positions, risk rewards, etc. I don't predict because I never know if my targets will be hit.

Don't let anyone fool you that they have a set of tools to predict;

Fibs ratio analysis/clusters
Harmonic patterns
Elliot Wave
Gann
Astro
Ichimoku clouds
Heiken Ashi candles/Renko/point&figure
Bollinger bands/MACD/Stoch/RSI/DMI/+100 more
Cycle/fractals/geometry/chart patterns

I am pretty sure there a some more I have left out but you get the picture.... Good luck looking at the array of options. I wasted many years chasing a tool without using my brain to interpret. I went back to simple things including tools! Works best for me.