Technical_Analysis_page_408

Technical | Analysis page 408 | https://thedailydialectics.com/pdfs/economics/Technical_Analysis/Technical_Analysis.pdf

Chapter 17 ShortTerm Patterns 379 Hook Reversal Day Hook is a common term for a quick loss when a profit was expected. It comes from the fishhook that the fish bites thinking that the bait is a free meal. As outlined by Kamich (2003) and Crabel (1989), a hook reversal occurs after a series of…