I am not an expert, however, I am a very theoretical person and before I started investing, I researched from scratch to start this journey on the right foot.

I will share information that has been useful to me and is relevant.

What is technical analysis?

Technical analysis is a method of evaluating securities by analyzing statistics generated by market activity, such as past prices and volume. It is primarily used to forecast price direction by studying past market data, mainly price and volume.

Technical analysts believe that market trends, as shown in charts and other technical indicators, can predict future activity. They use a variety of tools and techniques to analyze the market and identify trading opportunities.

A common tool in technical analysis is the use of technical indicators. Technical indicators are mathematical calculations based on market data, such as price and volume, which are used to forecast future price movements. Some common technical indicators include moving averages, relative strength index (RSI), and stochastic oscillator.

Technical analysts also use various chart patterns to predict price movements. These patterns, such as head and shoulders and triangles, are formed by the price action of a security and can be used to identify buying and selling opportunities.

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