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TECHNICAL ANALYSIS | June 15, 2016
Ben's Fake-out Or Why You Must Trust the Chart
Sometimes when you look at a chart, you see what has happened recently and this informs your decision about what should happen next. This decision then determines how you subsequently trade and can result in costly mistakes, especially in the case of the fake-out. For what should happen next must never be a basis for your trading decisions. The only analysis that really matters is the one that tells you what is currently happening.
by Stella Osoba, CMT
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