Chart traders avoid news-driven pitfalls, Patrick Karim notes

Chart traders avoid news-driven pitfalls, Patrick Karim notes
Chart traders gain advantage over retail

Patrick Karim, technical analyst at Technical Traders Ltd, emphasizes the advantages of pure chart trading over retail strategies driven by headline news.

He highlights that by relying on chart-defined evidence and disregarding influencer-driven narratives, traders can avoid common traps and pitfalls. Karim notes that his members have had access to a specific short-term setup since July, which is unfolding at present.

In recent analysis, Karim projected a generational move for crude oil, with price targets of $200, $300, and $400, stating the commodity remains undervalued (Crude oil price prediction: Patrick Karim projects $200, $300, $400 possible in generational move). He has also highlighted a chart suggesting the financial sector should monitor crude oil’s advance toward the $300 level (Crude oil could reach $300 per barrel, Patrick Karim notes). These previous forecasts reflect Karim’s reliance on technical patterns over market narratives.

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