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Profiting from Technical Analysis and Candlestick Indicators: Powerful Methods for Accurately Timing Trades by Michael C. Thomsett

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A. Hypothesis Summary

Ten Key Western Signals (Chapter 2)

1. Double tops

2. Double bottoms

3. Price gaps

4. Ascending triangles

5. Descending triangles

6. Symmetrical triangles

7. Rising wedges

8. Falling wedges

9. Trendlines

10. Channel lines

Ten Candlesticks with High-Performance Rankings (Chapter 3)

Image

Source: Thomas Bulkowski, Encyclopedia of Candlestick Charts

Relative Correlation Basic Hypothesis: Proximity and Strength (Chapter 1)

A candlestick indicator serves as an initial forecast of coming price reversal or continuation. However, it is not dependable, even with confirmation, unless and until it is analyzed in conjunction with proximity ...

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