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Regarding the topic of behavioral finance and technical analysis, Hirt and Block (2012) state that behavioral finance does not support economic utility theory and the

Regarding the topic of behavioral finance and technical analysis, Hirt and Block (2012) state that behavioral finance does not support economic utility theory and the rational economic man. Discuss how behavioral biases might contribute to some trends and patterns in market prices, which can be determined by technical analysis. Please provide examples to illustrate your viewpoints

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