Technical approach to trend analysis, a

This is the only modern, action-oriented and practical guide to trend analysis and prediction for the professional trader. Unlike outdated competitive guides, it fully reflects today?s markets and charting sciences.   Writing for traders with basic knowledge of trends and technical analysis, Michael C. Thomsett introduces advanced analytical tools for recognizing how risks evolve as trends proceed; distinguishing between strong and weak trends; objectively evaluating the health of a stock?s current price levels, trading breadth, and technical condition; and anticipating plateaus, slowdowns, or price reversals.   Thomsett introduces trend prediction based on technical signals such as candlestick reversals, price gaps, and movement through resistance or support, enabling traders to go far beyond mere trend "following." You?ll learn techniques for gaining deeper insights into price change ? and into valuable factors such as the angle of price change, trend duration, and offsetting price movements.   You?ll find detailed coverage of trend theory, resistance, support, trendlines and channel lines; patterns and confirmations of both reversals and continuations; broadening and narrowing trends, price jumps; and trends based on volume, moving averages, and momentum.   While other books focus solely on technical price movement, A Technical Approach to Trend Analysis will help you understand the trend itself ? and use that insight to manage market risks far more effectively.