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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Proportion
Patterns in both trending markets and flat markets depend on price action; an obvious statement. Highs and lows are crucial and so are the relationships among the swings within as they form the various shapes we are so accustomed to seeing. But few give much thought to the time element that is by definition part of all patterns.
One simple example would be a triangle pattern and its many varieties. There are triangles that are long horizontally yet short in height, and we might label these as pennants. Triangles tall in height but short in length might be called “regular” triangles. The difference? The relationship between price and time. The more time the pattern takes to develop, the longer it becomes horizontally.
The question, ...
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