Encyclopedia of Chart Patterns - (Wiley Trading) 3rd Edition by Thomas N Bulkowski (Hardcover)

About the Book

"The technical analyst believes that prices (stocks, mutual funds, commodities, etc.) tend to move in trends. In addition to utilizing various indicators that help identify these trends, there exist a multitude of chart patterns that will tell the analyst whether the stock or commodity is in a bullish or bearish mode. Various patterns presage certain events. These patterns tell the analyst what the stock is going to do based on where its price has been. Tracking and identifying chart patterns is an important part of the technical analyst's toolkit. Without the basic knowledge of chart formations, what they mean, why they exist, how they are used, and how to interpret them, the investor cannot determine his or her trading strategy. The broadened and revised Encyclopedia of Chart Patterns, Third Edition again offers investors the most comprehensive, up-to-date guide to this popular method of market analysis."--

Book Synopsis

The market's bestselling and most comprehensive reference on chart patterns, backed by statistics and decades of experience

When the smart money trades the securities markets, they leave behind financial footprints. Combine enough footprints together and you have a trail to follow. That trail becomes what's called a chart pattern. Encyclopedia of Chart Patterns, Third Edition expands upon Bulkowski's immensely popular Second Edition with fully revised and updated material on chart patterns. Whether you're new to the stock market or an experienced professional trader, use this book as a reference guide to give you an edge.

Within the pages of this book, you'll learn how to identify chart patterns, supported by easy-to-understand performance statistics describing how well a pattern works, what the failure rate is, and what special quirks suggest better future performance. You'll discover how often a stop loss order will trigger at various locations within a chart pattern, how the chart pattern's performance has evolved over the past three decades, and how to profit from failure by trading busted patterns.

This broadened and revised Third Edition offers investors the most comprehensive, up-to-date guide to this popular method of market analysis. Written by a leading expert on chart patterns, Tom Bulkowski, this edition includes revised statistics on 75 chart patterns including 23 new ones, with pictures and performance statistics, packaged within easy-to-read text.

• Gain essential knowledge of chart patterns and how they are used to predict price movements in bull and bear markets
• New tables include how often stops are hit, busted pattern performance, performance over the decades, and special pattern features
• Joining Tour, Identification Guidelines, Focus on Failures, Statistics, Trading Tactics and Sample Trade is Experience. It puts you in the passenger's seat so you can share lessons learned from Bulkowski's trades
• This edition reports on statistics from nearly four times the number of samples used in the Second Edition and ten times the number in the First Edition

The Encyclopedia of Chart Patterns, Third Edition further solidifies the reputation of this book as the leading reference on chart patterns, setting it far above the competition.

From the Back Cover

The market's bestselling and most comprehensive reference on chart patterns, backed by statistics and decades of experience

When the smart money trades stocks, they leave behind financial footprints. Combine enough footprints together and you have a trail to follow. That trail becomes what's called a chart pattern. Encyclopedia of Chart Patterns, Third Edition, expands upon Bulkowski's immensely popular Second Edition with fully revised and updated material on chart patterns. Whether you're new to the stock market or an experienced professional trader, use this book as a reference guide to give you an edge.

Within the pages of this book, you'll learn how to identify chart patterns, supported by easy-to-understand performance statistics describing how well a pattern works, what the failure rate is, and what special quirks suggest better future performance. You'll discover how often a stop loss order will trigger, how the chart pattern's performance has evolved over the past three decades, and how to profit from failure by trading busted patterns.

Written by a leading expert on chart patterns, Thomas Bulkowski, this edition includes revised statistics on 75 chart patterns including 23 new ones, with charts and performance statistics, packaged within easy-to-read text. The Encyclopedia of Chart Patterns, Third Edition further solidifies the reputation of this book as the leading reference on chart patterns.

About the Author

THOMAS BULKOWSKI is a successful investor with 40 years of experience trading stocks. He is a leading expert on chart patterns and an internationally known author of nine Wiley titles including Chart Patterns: After the Buy and Getting Started in Chart Patterns, Second Edition.