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Many of our readers have suggested that a brief explanation of some of the concepts and tools of technical analysis would be useful to novice traders in helping them improve and expand their trading knowledge. With that in mind, we introduce the Novice Trader's Notebook, an ongoing and continually broadening series of topics explained in concise terms with clear visual examples. Make your comments and suggestions to editor@traders.com.

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I. Cardinal Reversal Patterns
II. Other Reversal Patterns
III.  Charts
IV.  Indicators




I. Cardinal Reversal Patterns
A. At Tops
  1. The Double Top
  2. Head-and-Shoulders
  3. Rounding Top
  4. Ascending Top
  5. The Triangle
  6. Broadening Top
  7. Complex Top
B. At Bottoms
  1. The Double Bottom
  2. Head-and-Shoulders
  3. Rounding Bottom
  4. Descending Bottom
  5. Triangle Bottom
  6. Broadening Bottom
  7. Complex Bottom
II. Other Reversal Patterns
A. Right-Angle Formations
B. Diamond Formations
C. Wedge Formations
D. One-Day Reversals
III. Charts
A. Reading Charts
B. Daily and Weekly
C. Candlesticks
IV. Indicators
A. Moving Averages - Signals
B. Moving Averages - Periods
C. Bollinger Bands
D. On Balance Volume
E. Momentum
F. MACD

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