Encyclopedia of Chart Patterns

The market's bestselling and most comprehensive reference on chart patterns, backed by statistics and decades of experienceWhen the smart money trades stocks, they leave behind financial footprints. Combine enough footprints together and you have a trail to follow. That trail becomes what's called a chart pattern. Encyclopedia of Chart Patterns, Third Edition, expands upon Bulkowski's immensely popular Second Edition with fully revised and updated material on chart patterns. Whether you're new to the stock market or an experienced professional trader, use this book as a reference guide to give you an edge.Within the pages of this book, you'll learn how to identify chart patterns, supported by easy-to-understand performance statistics describing how well a pattern works, what the failure rate is, and what special quirks suggest better future performance. You'll discover how often a stop loss order will trigger, how the chart pattern's performance has evolved over the past three decades, and how to profit from failure by trading busted patterns.Written by a leading expert on chart patterns, Thomas Bulkowski, this edition includes revised statistics on 75 chart patterns including 23 new ones, with charts and performance statistics, packaged within easy-to-read text. The Encyclopedia of Chart Patterns, Third Edition further solidifies the reputation of this book as the leading reference on chart patterns.