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

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  • 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




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