Sunday, August 26, 2018

looking for resource that explains why technical patterns behave the way they do

I am finding heaps and loads of resources that explain what the technical indicators are, how to set them up and what breakouts for them are, etc.

I'm looking for a description of why the pattern behaves the way it does. For instance, is the head and shoulder pattern the way it is because short sellers have to cover their positions on the retrace? I'd like to understand this deeper, but haven't really found those explanations yet. Can anyone point me to a definitive source?



Submitted August 26, 2018 at 03:02PM by krahs https://ift.tt/2wfJinn

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