Technical_Analysis_page_389

Technical | Analysis page 389 | https://thedailydialectics.com/pdfs/economics/Technical_Analysis/Technical_Analysis.pdf

360 Part IV Chart Pattern Analysis Unfortunately, frequent patterns often give false signals. Although most market turning points include one or more of the short-term patterns covered in this chapter, these same patterns also occur at places where a reversal fails to follow. As Schwager (1996)…