Sentence examples for technical pattern from inspiring English sources

"When bitcoin broke above $8,000, there was a lot of FOMO [fear of missing out] in the market, and we have seen bitcoin many times reach this technical pattern, where there is a breakout at a specific level and a pullback should bring us just below that breakout point," Greenspan said.

It may be that the predictive power of these technical patterns comes from the behaviour of individual investors.

Nor is it clear, yet, whether the predictive powers of the technical patterns would be as one might expect eroded if investors traded to take advantage of them.

For shares listed on the New York Stock Exchange and American Stock Exchange, only seven of the ten technical patterns had enough predictive power to be statistically significant.

Yet, when pressed on the technical patterns that led PropOrNot to label the Drudge Report a Russian propaganda outlet, he could point only to a general perception of bias in its content.

It did not test many other widely used indicators, such as the relationship between the current price of a share and its 200-day moving average.The results showed that the various technical patterns mostly occurred far more frequently than they would have done if they were truly random events.

The examples also helped show how the MACD confirmed other technical patterns.

Our method captures common characteristics of the entire family of technical patterns and is free of technical descriptions and/or guidelines for the identification of specific technical patterns.

Of all these technical patterns, none were as widely covered as the bearish head-and-shoulders pattern.

The second aim of this paper is measuring the predictive power of buy-signals generated by these technical patterns.

However, although such methods allow to approach technical analysis scientifically, they mainly focus on automating the identification of specific technical patterns.