Only knowledge of current clients and employers must be kept in confidence

The MTA Code of Ethics does not apply to confidentiality of unlawful client or employer activity

The MTA Code of Ethics is silent on client and employer confidentiality so members must refer to laws/rules promulgated by regulatory authorities

All information pertaining to any lawful activity of past or present clients or employers must be kept in confidence

assume that current and recent conditions will prevail well into the future, also causing them to ignore the evidence of changing circumstances.

tend to be overconfident regarding their abilities and make major mistakes like too little diversification and over trading.

are tricked into thinking that they can foretell the future because they can easily observe the past.

try to identify patterns in financial markets that do not exist.

Saliency

Framing

Sunk-cost

Anchoring

Lack of complete information

Failing to consider trading costs

Conflict between technical and fundamental models

Emotional considerations cloud judgment

Price level of the lowest box (for up counts) + (number of boxes in the reversal columns X reversal size)

Price level of the lowest box (for up counts) X number of boxes in the reversal columns X reversal size

Price level of the lowest box (for up counts) of the base X number of columns of the base X reversal size

Price level of the lowest box (for up counts) of the base + (number of columns of the base X reversal size)

Lead to smaller continuation patterns

Frequently leads to a consolidation phase

Will lead to a stronger directional move

Suggest a failure in the longer term pattern

A

B

C

D