Please understand that reading charts are not the panacea for getting money in the market as it has its certain limitations and you must know the same to be in a realistic environment.
Charts do NOT predict prices. No form of Technical Analysis predicts prices.
Just remember that chart helps us to achieve the following aspects in prediction:
- Charts suggest the path of least resistance
- Charts provide a means to determine the risk of a trade
- Charts offer help in timing
- Charts offer POSSIBILITIES, not probabilities and certainly not certainties