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Chapter 4. More Than Just Pretty Picture... > Synergy in Chart Patterns

Synergy in Chart Patterns

Chart 4.2 includes examples of synergistic chart patterns, which reinforce each other and thereby add weight to each separate bullish or bearish pattern.

For example, a very significant upside breakout from a declining wedge formation took place during the spring of 2003, shown in Chart 4.2. That breakout occurred simultaneously with the completion of the segment B decline within the wedge formation. The angle-measuring strategy suggested the completion of a decline right in the area of the breakout, so a recovery at that market juncture was not surprising.


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