Other forms of technical analysis pattern recognition include the classic chart formations such as the “head & shoulders”, “double tops & bottoms”, “triangles”, “cup & handle”, “Bull & Bear Flags”, “Japanese Candle Sticks” to name a few. Some techniques such as the Elliott Wave are based on a type of pattern recognition. There are multiple techniques used in technical analysis to anticipate and/or forecast possible future movements of the markets. Let us not underrate the value of that hint.”-Mark Twain “By the Law of Periodical Repetition, everything which has happened once must happen again and again and again-and not capriciously, but at regular periods, and each thing in its own period, not another’s, and each obeying its own law…the same Nature which delights in periodical repetition in the skies is the Nature which orders the affairs of the earth.
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