June 2006
Beginner
352 pages
7h 6m
English
book
Technical Analysis Plain and Simple: Charting the Markets in Your Language, Second Edition
by Michael N. Kahn
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Fan Lines
There are many times when technicians are frustrated in their attempts to place trendlines. The market seems to define a trend, and then quickly breaks it to establish a shallower trend. This can happen several times before the market finally makes a clear reversal and leaves a slowly rolling-over chart pattern behind.
What’s in a Name?
The name for this pattern, fan lines, is derived from the appearance of the chart when the multiple trendlines are drawn from the same origin. It could easily have been called “rollover lines” or “trend reduction lines,” with the latter indicating that the initial steep trend is flattening into a more sustainable level.
This can often be seen just after a breakout, as the euphoria and activity surge ...
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I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
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