July 2015
Intermediate to advanced
352 pages
9h 40m
English
The possible combinations of initial and confirming signals are vast. This chapter provides examples of several combined signals, designed not only to demonstrate how dissimilar patterns and indicators work together, but also to show how trends develop, change, and reverse.
Following is a review of a few of the basics of trend analysis, which is part of this exercise:
• There are three directional types of trends: bullish, bearish, and consolidation. The consolidation is most often described as a pause between other trends or as a period of indecision. These are true observations, but consolidation can last many months or even years. So as a primary trend, the consolidation pattern is a valid “directional” ...
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