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Technical Analysis Explained, Fifth Edition: The Successful Investor's Guide to Spotting Investment Trends and Turning Points, 5th Edition by Martin J. Pring

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10 ONE- AND TWO-BAR PRICE PATTERNS

The price patterns we have considered so far take some time to complete, usually at least 20 bars. They all reflect changes in the relationship between buyers and sellers, which tells us that there has been a reversal in psychology.

Historically, the patterns described in this chapter were called 1- and 2-day patterns or 1- and 2-week patterns. With the advent of intraday charts, the title “inside days,” “outside days,” etc., is no longer a generic term. Therefore, I have chosen to use the term “bar” to refer to these patterns, since that term applies to all charts from ...

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