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Crowd Money: A Practical Guide to Macro Behavioural Technical Analysis by Eoin Treacy

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Chapter 16: Type-3 endings – Ranging, Time and Size

What we will cover in this chapter

  • Type-3 tops are identified by lengthy periods of volatile ranging and can be characterised as wars between the competing forces of supply and demand.
  • Type-3s never start out as type-3s but morph into these extremely difficult environments where the question really should be asked whether one should have a position at all.
  • Type-3 bottoms represent the classic base formation. These are the foundations of bull markets once new sources of demand become apparent. As such they can be characterised as ‘sleepers’.

TYPE-1 ENDINGS ARE symptomatic of at least a temporary dramatic blowout in the dominance of supply over demand or vice versa. Type-2 endings ...

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