This Element is an excerpt from Technical Analysis Plain and Simple: Charting the Markets in Your Language (9780137042012) by Michael N. Kahn, CMT. Available in print and digital formats.
How to recognize market turning points that are just about to happen, so you can profit--and avoid getting hammered.
If some chart patterns are merely a rest stop for the market, others are turning points. If you already own a position in the market and one of these patterns form, it is probably time to consider selling. Here, you will learn to recognize these “reversal patterns”....