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You can utilize chart patterns in two different ways.

1) Trade price between well-defined boundaries (need to find a clear chart pattern at early stages)

2) Trade breakouts through chart pattern boundaries

I favor 2.
Following examples will highlight why I favor:

1⃣Breakout strategies
2⃣Horiozontal chart pattern breakouts
3⃣Rectangle setups with several tests of chart pattern boundary
BAE SYSTEMS. Breakout after several tests of well-defined horizontal boundary. No pullback and challenge to chart pattern boundary. Bullish continuation completing above 200-day. #RECENT #BREAKOUT #ALERT #UK #FTSE
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