June 2011
Intermediate to advanced
240 pages
6h 42m
English
CHAPTER 3
Absolute Return and Chart Pattern Recognition
Markets move in rhythms. This is a fact and one of the basic assumptions for working with chart patterns.
The notion of absolute return corresponds with the basics of detecting price or time patterns in charts. However, what are valid patterns, how can they be detected, and how can trading strategies be derived from them? This chapter is dedicated to the works of Fibonacci and Elliott and how their findings contribute to exploiting market price and time pattern for the sake of absolute return.
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