Review: REVERSAL PATTERNS USED BY TECHNICAL ANALYSTS
Rating: 5 out of 5
Date: 06 18, 2014
Chart patterns are not magic signals they are just price movements that might indicate certain market behavior.  Continuation & Reversal patterns are based on the simple concepts of support & resistance.  A Reversal pattern shows that a current price trend is likely to reverse direction.  Bullish reversal patterns point to a potential change in an existing downtrend.  In this book Wilson gives a detailed explanation with diagrams and examples, of the twelve major Bullish Reversal Chart patterns including Ascending Triangle, Bullish Wedge, Double Bottom, Cup & Handle pattern and Bullish Gaps.  In closing he emphasizes the importance of considering other technical indicators before making any final trading decisions.  I personally finished the book with a more than moderate grasp of all the aspects of this type of chart pattern.  Thumbs Up!