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Today's most comprehensive review of price patterns—what they are, how they work, and which will work best for you
Technical analysis does not deal in certainties, only probabilities. Yet those probabilities improve dramatically when traders understand the psychology of price patterns and how that psychology influences traders' behavior and the movement of prices themselves.
Martin Pring on Price Patterns provides both new and experienced technical traders with today's most in-depth guide to the analysis and interpretation of price patterns. Pring, among the industry's most esteemed researchers and practitioners on the skilled use of charts and patterns, takes a detailed and implementation-based look at:
To determine how prices are most likely to move, and when, it is vital that you first develop a thorough knowledge of price patterns. Martin Pring on Price Patterns
introduces you to the patterns that are working—and working consistently—for traders in today's volatile markets, then helps you determine which will work best for you and your personal trading style.
"Stocks don't sell for what they are worth, but for what people think they are worth."
Legendary 1940s technician
Despite what many "experts" will have you believe, fundamentals—PE ratios, profit projections, and the like—don't directly impact market performance. Instead, what drives performance is investors' reactions to those fundamentals, reactions that are amazingly consistent from one market to the next and lead to patterns of price movement that can be equally as predictable.
And history has shown that traders who understand this distinction will consistently have the edge over those who do not.
Martin Pring on Price Patterns provides today's most up-do-date exploration of price patterns, and how they can be used with amazing accuracy to forecast not only how long an up- or down-trend will continue, but at what point the trend is destined to reverse its course. Covering the relationship between key technical analysis aspects and price patterns in language that is both clear and convincing, and based on a massive research program covering over 10,000 securities, this valuable and hands-on book includes:
The key to success in trading, as in so many endeavors, is to ignore what you hope will happen and focus instead on what has already happened. Martin Pring on Price Patterns reveals how and why price patterns have come to be regarded as today's single-best tool for traders looking to first determine what has happened in the markets, then use that knowledge to dramatically and profitably improve their ability to forecast which direction a price is likely to move and when.
|Part I.||Basic Building Blocks||1|
|1.||Market Psychology and Prices: Why Patterns Work||3|
|2.||Three Introductory Concepts||9|
|3.||Support and Resistance Zones: How to Identify Them||22|
|5.||Volume Principles as They Apply to Price Patterns||54|
|Part II.||Traditional Patterns||69|
|6.||Using Rectangles, a Case Study for All Patterns||71|
|7.||Head and Shoulders||96|
|8.||Double Tops, Double Bottoms, and Triple Patterns||127|
|Part III.||Short-Term Patterns||209|
|12.||Smaller Patterns and Gaps||211|
|15.||Key Reversal, Exhaustion, and Pinocchio Bars||269|
|16.||Two- and Three-Bar Reversals||289|
|Part IV.||Miscellaneous Issues||315|
|17.||How to Assess Whether a Breakout Will Be Valid or False||317|
|18.||How Do Price Patterns Test?||335|
|Appendix||Individual Patterns Summarized||347|
Posted January 12, 2014
Posted January 12, 2014