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
Content preview from Technical Analysis Plain and Simple: Charting the Markets in Your Language, Second EditionBecome an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
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Failure That Forewarns
When a market is trading in an identifiable pattern, such as a flag, rectangle, or channel, it moves from the top of the pattern to the bottom repeatedly. The more often prices touch these borders, the stronger the pattern and the more significant the eventual breakout will be. If the market has developed an underlying strength, prices often fail to trade back down to the lower border. This failure, when combined with other bullish technical indicators, suggests that the direction of the breakout from the pattern will most likely be up and that it should occur the next time prices approach the top border.
Figure 23.1 shows a large declining trend channel for the Dow Jones Industrial Average in 2004. The fourth time prices ...
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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.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.