This is the only modern, action-oriented and
practical guide to trend analysis and prediction for the
professional trader. Unlike outdated competitive guides, it fully
reflects today’s markets and charting sciences.

Writing for traders with basic knowledge of
trends and technical analysis, Michael C. Thomsett introduces
advanced analytical tools for recognizing how risks evolve as
trends proceed; distinguishing between strong and weak trends;
objectively evaluating the health of a stock’s current price
levels, trading breadth, and technical condition; and anticipating
plateaus, slowdowns, or price reversals.

Thomsett introduces trend prediction based
on technical signals such as candlestick reversals, price gaps, and
movement through resistance or support, enabling traders to go far
beyond mere trend "following." You’ll learn techniques for
gaining deeper insights into price change – and into valuable
factors such as the angle of price change, trend duration, and
offsetting price movements.

You’ll find detailed coverage of trend
theory, resistance, support, trendlines and channel lines; patterns
and confirmations of both reversals and continuations; broadening
and narrowing trends, price jumps; and trends based on volume,
moving averages, and momentum.

While other books focus solely on technical
price movement, A Technical Approach to Trend
Analysis will help you understand the trend itself
– and use that insight to manage market risks far more
effectively.