Patterns represent the consolidation of energy before a breakout. Classic reversal signs.
Before looking at a single chart, you must understand the three premises technical analysis is built on: trading technical analysis masterclass pdf
Price is trapped between a horizontal ceiling and floor. Patterns represent the consolidation of energy before a
Measures momentum and trend strength through the crossing of two moving averages. 6. Chart Patterns (The Geometry of Trading) trading technical analysis masterclass pdf
One of the most reliable trend-reversal patterns in existence.