Martin Pring on Price Patterns: The Definitive Guide to Price Pattern Analysis and Interpretation (Martin J. Pring, 2004)

• The longer the time frame the greater the significance of any technical signal.
• The amount of a security that changed hands in a specific area - the greater the activity, the more signficant the zone.
• The greater the speed and extent of the previous move, the more significant a support or resistance zone is likely to be.
• Examine the amount of time elapsed.
• Signficance of p rice pattern
• Time frames.
• Pattern fluctuations.
• Pattern depth.
• Diamond is a rare pattern and if formed right it signifies reversal.
• False reversals detection
• Low volume
• Three-bar reversal
• Pinocchio bar
• Outside bar
• More valid breakouts
• Exhaustion at support or resistance
• Two-bar reversal at adjacent trend line
• Strong leading volume