Business, Legal & Accounting Glossary
finance A financial analyst who attempts to predict future movements in the prices of shares or other financial instruments by looking for patterns in charts of historical data.
a 19th century English reformer who advocated better social and economic conditions for working people.
A chartist is an investor who attempts to predict market movements through the use of chart patterns. A chartist believes that by studying past market actions, as graphically displayed on a stock market chart, that the future course of the market can be revealed. In this respect, a chartist relies on technical rather than fundamental market analysis. There are several chart patterns which a chartist looks for when making predictions of future market moves. A primary pattern that a chartist looks for is the classic head and shoulders pattern, with market highs making a small rally (creating a shoulder), followed by a higher rally (creating a head) and then back down and sideways (forming the other shoulder). To a chartist, this is a bearish pattern. A chartist uses this and other chart patterns to plan investments.
To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.
Definitions for Chartist are sourced/syndicated and enhanced from:
This glossary post was last updated: 15th February, 2020 | 0 Views.