Main Facts of Technical Analysis
- The chart/price movement shows everything you need to know about how the price will continue to move
- Past price patterns/movements will repeat themselves
- Highly subjective. What one analyst sees in a chart though reasonable may be significantly different from another analyst’s views
Essentially your aim with technical analysis is to forecast if the price will move up or down. To determine this we use the following main tools.
Main Analysis Tools
Additional Important Concepts