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• Novice Trader's Notebook by EMS Flynn

  ARTICLE SYNOPSIS ...Novice Trader's Notebook by EMS Flynn Wedge Formation Wedges are similar to triangles, but differ in that with triangles, there is always one boundary line that remains flat; wedges are characterized by both boundary lines being at a slant. Wedges should not be mistaken for pennants, which are much shorter in duration....

AUTHOR: EMS FlynnDATE: SEP 2003SUBJECT: Novice Traders' Notebook

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• Novice Trader's Notebook by EMS Flynn

  ARTICLE SYNOPSIS ...Novice Trader's Notebook by EMS Flynn One-Day Reversals One-day reversals occur when a tradable instrument in a trend sustains a sharp price spike and then reverses, ending in a marked rise or drop. This formation, which is considered to be a potential key reversal day, can be seen either at a top or a bottom. According to Thomas Bulkowski, many one-day reversals represent "nothing more than temporary pauses in the existing trend after which the trend resumes its course." The one-day reversal occurs at the end of the trend. This pattern can also be seen in a oneweek reversal....

AUTHOR: EMS FlynnDATE: AUG 2003SUBJECT: Novice Traders' Notebook