Tag Archives: island reversal

Ignore Any Island Reversal Noise

The island reversal chart pattern should be totally ignored by investors but it is also an unreliable signal for short-term traders unless combined with other indicators. I include examples from a recent formation in NVDA and an older one in … Continue reading

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This is What Happens to Naive Technical Analysis

Most technical analysis indicators lag prices significantly and most simplistic chart patterns are too obvious to be profitable. Recent price action in GLD is an example of the fate of naive technical analysis.

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