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Technical Analysis For Dummies, 4th Edition
book

Technical Analysis For Dummies, 4th Edition

by Barbara Rockefeller
October 2019
Beginner content levelBeginner
384 pages
10h 46m
English
For Dummies
Content preview from Technical Analysis For Dummies, 4th Edition

Chapter 9

Seeing Patterns

IN THIS CHAPTER

Bullet Discovering patterns

Bullet Figuring out continuation patterns

Bullet Going over reversal patterns

Bullet Measuring the measured move

A pattern is a type of indicator traditionally drawn on the chart by hand but placed on charts sometimes by software. You still need to understand pattern recognition, though — don’t count on software to do interpretation for you. You may think that you’d rather have an objective indicator on the chart instead of a subjective pattern, but consider that many traders use nothing but patterns and make a good living from it. In addition, because common patterns are so widely known and even mentioned in the press and on TV, they can become self-fulfilling prophecies.

Technical traders have been developing patterns from the earliest days of technical analysis. Until personal computers came along, Technical Analysis of Stock Market Trends by Edwards and McGee was a Bible for chart readers starting at its publication date in 1949. This was the first book that took ideas partly or mostly devised by Charles Dow but written up only in newspapers ...

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Technical Analysis For Dummies

Technical Analysis For Dummies

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Publisher Resources

ISBN: 9781119596554Purchase book