Quote from golablue:
Throughout my studies of Technical Analysis, I have come across the number 3 repeatedly:
Three fans, three lines, three market phases, triple tops, head and shoulders(three peaks), three types of gaps, three market directions, three points to define a trend, etc........
I am wondering if anyone else has come to notice the same, and if anyone has done any study into the significance of this number.
I am also curious as to whether or not anyone has applied the number three in their own trading strategies, independent of the aforementioned classic T.A. patterns.
Any thoughts/comments are appreicated.