Technical_Analysis_page_383

Technical | Analysis page 383 | https://thedailydialectics.com/pdfs/economics/Technical_Analysis/Technical_Analysis.pdf

354 Part IV Chart Pattern Analysis trend line. Zieg and Kaufman did not provide statistics from Davis’s work on the profitability of a downward break. Anderson, however, found that the combination of breaks lost money. This makes sense. A 45-degree downward trend line is not usually steep enough…