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CHART PATTERNS

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  1. I’m thinking the recognition of Accumulation and Distribution phases must be called after the fact?
  2. I understand a wedge pattern, which starts out with a wide range and gets narrower. However, I am seeing the reverse on a chart – a pattern that starts with a narrow range and gets wider. What is this and what does it mean?
  3. Are reversal and continuation patterns more relevant in the short-term or can they be as effective in the medium/long-term?