Some of the more vague terms in Technical Analysis are really hard to quantify as nearly every TA user defines and interprets them differently. We mean mainly TA patterns like supports, resistances, trend lines, double tops, double bottoms, and/or more complex patterns like head-and-shoulders. Now, what we can do with that? We tried to spend some time and fought a little with some of these TA terms, and the following article/study results from our attempts to quantify a tiny subset of the world of Technical Analysis patterns.
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