Which of the following is NOT true of chart patterns?

Which of the following is NOT true of chart patterns?
A . Speculators’ habits have recurring impacts on markets and knowledge of this fact can be used to interpret chart patterns
B . Trading techniques found in trading literature may be a cause of repeated patterns
C . A price chart is a representation of human behavior
D . Quantitative studies have shown a direct relationship between market psychology of behavior and chart formations

View Answer

Answer: C