July 2015
Intermediate to advanced
352 pages
9h 40m
English
Because technical analysis demands discipline, the very idea of confirmation is of the utmost necessity. Ironically, it often is overlooked or discounted, with emphasis on fast and immediate action upon spotting a signal, notably a reversal signal.
Requiring confirmation before acting is not overly cautious. It is a sign of maturity in an investor or trader, an attribute of experience. Once an investor realizes how easily “sure things” can fail, an appreciation for confirmation develops and builds. However, every investor also needs to proceed with caution. The difference between strong or multiple confirmation and weak or single confirmation is profound, and may easily lead to ill-timed ...
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