With broker firms making available chart services, more and more people have come to know about charts. To have some knowledge about charts is easy. To be proficient in chart interpretation is indeed extremely difficult.
Professionals know that a great majority of people now depend on charts to time their purchases and sales. So they will do what is necessary for their own benefits.
Buying on breakouts was profitable in the early days. Now you have to be very careful indeed. You must be witty to survive.