In addition, this reliable resourcediscusses trader psychology and trader learning curves based on theauthor's extensive experience as a trader and trainer oftraders. The Art and Science of Technical Analysis is supported byextensive statistical analysis of the markets, which will debunksome tools and patterns such as Fibonacci analysis, and endorseother tools and trade setups. The belief of the book is that buying and sellingpressure causes patterns in prices, but that these technicalpatterns are only effective in the presence of true buying/sellingimbalance. The bookexplores why randomness prevails in markets most, but not all, ofthe time and how technical analysis can be used to capturestatistically validated patterns in certain types of marketconditions. A breakthrough trading book that provides powerful insights onprofitable technical patterns and strategies The Art and Science of Technical Analysis is agroundbreaking work that bridges the gaps between the academic viewof markets, technical analysis, and profitable trading.
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