Chart patterns repeat across different time frames from "summary" of Charting and Technical Analysis by Fred McAllen
When analyzing chart patterns, it is important to recognize that these patterns can occur across different time frames. This means that a pattern that appears on a daily chart may also be visible on a weekly or monthly chart. By understanding this concept, traders can gain valuable insights into potential future price movements. For example, a bullish flag pattern that forms on a daily chart may also be present on a weekly chart, indicating a strong upward trend. This consistency across different time frames can help traders confirm their analysis and make more informed trading deci...
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