Market action takes everything into account. This means that price reflects every factor that could possibly influence the price.Prices move in trends. A trend can be identified (either up, down or sideways) at any point of any given time scale.History repeats itself. We can understand the future by studying the past. If a certain price chart pattern has appeared regularly in the past and has usually been followed by a move in a particular direction, then we can assume with a reasonable level of confidence that a re occurrence of this pattern will lead to a similar consequent price move.


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