In addition, a little appreciated fact is that feral cats now occur in a wide variety of habitats-from scorching deserts, to snow-covered mountains, to tropical islands-and yet scientists have just begun to examine how these populations may be adapting to their new environments."ģ) Killing cats "by any means necessary" isn't the solution to coexisting with them. Wedge patterns tend to offer some of the most precision entries as well as some of the most attractive R-multiples in terms of measured-move target areas. Cats (and other domesticated animals) are an excellent example of how evolution can occur very rapidly when selection pressures are strong-although domestic cats are very similar to their wild ancestors, they have evolved some striking behavioral adaptations in just a few thousand years. By the same token, a drop below the double bottom lows in subsequent periods suggests the downtrend is resuming and the bears have reasserted their primacy.1) This is a point emphasized years ago by the eminent German ethologist Paul Leyhausen in Cat Behavior: The Predatory and Social Behavior of Domestic and Wild Cats and elsewhere, including THE COMMUNAL ORGANIZATION OF SOLITARY MAMMALS (1965).Ģ) When I asked how his book relates to his background and general areas of interest, Jonathan answered: "My research focuses on how species evolve and adapt to their environments. This is a bearish pattern that signals that security is likely to move downward. While the double bottom low remains in place, price movement is likely to exhibit a retracement higher and possibly indicate the beginning of a new uptrend. The rising wedge chart pattern can be seen with higher highs and higher lows. Don’t miss a beat Follow us on Telegram and Twitter. In both cases, a move below the lower trendline is critical. In technical analysis of financial markets, a double bottom is significant in that it suggests an important low, or strong level of support, has been reached following a down move. Once the measured move of the triangle is reached, bears may want to sell (the blue scenario) as the possibility increases for the Dow to form a rising wedge. ![]() A daily double bottom may indicate a longer-term reversal or shift in trend, while an hourly double bottom may signal only a brief pause in a down trend. ![]()
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