Are we there (the bottom) yet? Part 2

...cont'd from yesterday...

For the answer, I turn to the classic book by Robert Edwards and John Magee, Technical Analysis of Stock Trends

Edwards and Magee say that except for the One-Day Reversal pattern, all other price pattern indications of a bottom take more time than one day to form. Even the One-Day Reversal, according to Edwards and Magee, does not imply much of an immediate move in the opposite direction (from down to up).

...cont'd tomorrow

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