Technical_Analysis_page_385

Technical | Analysis page 385 | https://thedailydialectics.com/pdfs/economics/Technical_Analysis/Technical_Analysis.pdf

356 Part IV Chart Pattern Analysis >< />< ><, ojooqcdqq000 0 C|00 0 0\0/\000 >< >< >< >< ooo0° <>< FIGURE 16.20 Spike pattern or long tail downward Shakeout The shakeout pattern is a deceptive pattern that plays on traders and investors who sell on the first sign of difficulty in an uptrend. It…