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Price trends and patterns in technical analysis: A theoretical and empirical examination

โœ Scribed by Geoffrey C. Friesen; Paul A. Weller; Lee M. Dunham

Book ID
116615320
Publisher
Elsevier Science
Year
2009
Tongue
English
Weight
479 KB
Volume
33
Category
Article
ISSN
0378-4266

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Price trends and patterns in technical a
Price trends and patterns in technical analysis: A theoretical and empirical examination
โœ Geoffrey C. Friesen; Paul A. Weller; Lee M. Dunham ๐Ÿ“‚ Article ๐Ÿ“… 2009 ๐Ÿ› Elsevier Science ๐ŸŒ English โš– 479 KB

While many technical trading rules are based upon patterns in asset prices, we lack convincing explanations of how and why these patterns arise, and why trading rules based on technical analysis are profitable. This paper provides a model that explains the success of certain trading rules that are b