The Art and Science of Technical Analysis

The Art and Science of Technical Analysis is a pioneering work that connects academic market theories, technical analysis, and profitable trading practices. It explores the prevalence of randomness in markets and how technical analysis can capture statistically validated patterns under specific conditions. The book argues that price patterns are caused by buying and selling pressure but are only effective when there is a true imbalance. Supported by extensive statistical analysis, it debunks some tools and patterns like Fibonacci analysis while endorsing others. Additionally, the book delves into trader psychology and learning curves based on the author's extensive experience as a trader and trainer. Written by an experienced market practitioner, this book offers serious traders a way to think about market problems, understand their own performance, and find a more productive path forward. It includes in-depth insights and practical advice, providing a realistic sense of how markets behave, when and how technical analysis works, and what it takes to trade successfully.