The Clopwin Reversal Pattern — Detecting Quick Market Reversals.
Coding the TD Clopwinlop Pattern and Analyzing its Predictability.
Pattern recognition is the search and identification of recurring patterns with approximately similar outcomes. This means that when we manage to find a pattern, we have an expected outcome that we want to see and act on through our trading. For example, a head and shoulders pattern is a classic technical pattern that signals an imminent trend reversal. The literature differs on the predictive ability of this famous configuration. In this article, we will discuss the TD Clopwin another timing and reversal pattern presented by Tom Demark.
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