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Even those who aren't technical analysis (TA) aficionados have probably heard of some of the "patterns" that TA followers look for in a stock's price charts, including the "cup and handle" and the "head and shoulders." However, there's a need for new patterns in this volatile, 21st century market, and here are the top five new technical indicators we'd like to see:
And the number one new technical indicator we'd like to see...
The indiscernible series of wiggles and whatchamacallits
The Borg futile band of resistance
The cliff dive (Nasdaq stocks only)
The Elliott Wave/E.T. Phone Home Theory
Rock. Scissors. Paper.
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