📊 #TradingAnalysis101 Basics of Technical Analysis
Technical analysis is a method of predicting market movements based on historical data about price and trading volume. It is widely used by traders to make decisions about buying and selling assets.
🔍 Key Principles
📈 Trends drive the market – price moves up, down, or sideways.
🔄 History repeats itself – the market reacts to the same factors in a similar way.
📊 Charts and indicators – used to analyze patterns and signals.
⚡ Popular Tools
🔹 Bollinger Bands – for assessing volatility.
🔹 MACD – for determining momentum.
🔹 Support and resistance levels – for predicting trend changes.
By learning to read charts, traders can reduce risks and increase profitability. 🚀