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Friday, September 15, 2006 7:26:22 PM
1-2-3 Reversal Patterns
The next important building block is made up of MSL’s and MSH’s. Just as a MSL is the first sign of a potential reversal in prices, the combination of a MSL, a MSH, then a MSL that is higher than the first one, is a confirmation pattern that a down trend has reversed into an up trend.
The next important building block is made up of MSL’s and MSH’s. Just as a MSL is the first sign of a potential reversal in prices, the combination of a MSL, a MSH, then a MSL that is higher than the first one, is a confirmation pattern that a down trend has reversed into an up trend.
[chart]tbn0.google.com/images?q=tbn:oEjtXaIYVuW66M:sugarmtnfa
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