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Nirvana Systems Inc.
iii
Profiting with Chart Patterns
Contents
Chapter 1
Confirming Entries & Managing Exits
What is a Pattern? ..........................................................................................................1-1
Psychology of Support Bounces ....................................................................................1-2
Goals of Chart Pattern Analysis.....................................................................................1-3
Chapter 2
Tools of the Trade
7 Chart Pattern Method..................................................................................................2-1
Pattern Timeframe .........................................................................................................2-2
Prior Move Test .............................................................................................................2-3
Volatility Test ................................................................................................................2-4
Reward:Risk Criterion ...................................................................................................2-6
Eighths Tool...................................................................................................................2-7
Rule of Eighths ..............................................................................................................2-8
