I am new to day trading, and I am looking to get a better understanding of what key attributes can be identified when trying to identify patterns when day trading. Specifically, I am looking to find out exactly what specifics I can identify from looking at real-time data so that I can identify a pattern that is lining up to know when to buy a stock because it is indicating that it is a potentially good stock to day trade.
Using a common example of a regular day-trading pattern, can anyone help me define steps that I can look for to help qualify a pattern detected that may indicate when to buy/sell.
What can be used to identify from the data a pattern being formed for day-trading.
I can see the patterns in Bar charts, and Candle stick charts, but I am looking for ideas on what I could use from the recent data and trade quotes to detect a pattern that may indicate a potentially good buy / sell time.
Really just looking for someone to help outline a single good pattern if possible.