Price trends and Patterns in technical analysis (part7)

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I wrote before:    …..  Technical analysis is an art rather than a science.  Yours truly has graduated earlier in life in an engineering discipline and is fully aware that science may produce precise predictions.  …..Technical analysis does not.

All technical analysts are motivated to improve trading returns for their clients.  Analysts today use many…..

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Price trends and Patterns in technical analysis

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Price trends and Patterns in technical analysis

(based on a paper published by Geoffrey C. Friesen -University of Nebraska-Lincoln, gfriesen2@unl.edu)

Many technical trading rules are based upon patterns.   The question is how and why these patterns arise and why it is possible to make money using technical analysis.

Is there a bias interpreting current information and that that follows.   Once we are biased, it is unlikely to change our opinion fast with the advent of new information.

Technical analysts ...

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