In financial trading there is a lot written about analysing chart patterns - head and shoulders, double tops etc - how useful/relevant is this when analysing a horse racing market, or do the same patterns and formations not apply?
thanks for any input
Analysing chart patterns - useful?
The big difference is that in racing markets money does not arrive in a steady and continuous way and they also have a end time.
ie any small amounts that have been traded all day become irrelevant during the final 10 mins, then the activity will then step up again during the final 5 mins and the market will begin to behave differently, also when the previous race ends this will also see another influx of money and a further change in market behaviour will follow
ie any small amounts that have been traded all day become irrelevant during the final 10 mins, then the activity will then step up again during the final 5 mins and the market will begin to behave differently, also when the previous race ends this will also see another influx of money and a further change in market behaviour will follow