Technical Analysis Plain and Simple: Charting the Markets in Your Language, Second Edition

Summary

The charts will tell you what the market is doing and give signals as to what it will do next. The secret is not to anticipate the market, but be prepared to act when the market tells you it is ready to go. Even real-world ambiguous patterns can be read like textbook examples if you relax some restrictions. As long as the spirit of the rules is not violated, they should still be powerful enough to give you the correct signals.

Be prepared to act when the market tells you it is ready to go.