The Handbook of Technical Analysis + Test Bank_ The Practitioner\'s Comprehensive Guide to Technical Analysis ( PDFDrive )

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the hAnDbook of teChnICAl AnAlysIs

fIgure 1.22 A Basic 4‐Hourly Bar Chart of USDCAD.
Source: MetaTrader 4


fIgure 1.23 Trendline Analysis on the 4‐Hourly USDCAD Bar Chart.
Source: MetaTrader 4


Now go back to Figure 1.22 and try to identify some chart patterns (if you
know some). After you have finished, turn to Figure 1.24 to see if you have drawn
the same patterns.
Were there differences in the chart patterns drawn? Do not worry if there are
differences. It is merely a consequence of subjectivity.


Subjectivity in pattern recognition Diminishes with practice


Here is another example based on the same USDCAD chart. Were you aware of
the subtle angular symmetries in the USDCAD? See Figure 1.25. Analysts also pay

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