Let's delve into some essential trading tools:

Technical Indicators

- *Relative Strength Index (RSI)*: Measures price momentum, ranging from 0 to 100. Helps identify overbought/oversold conditions.

- *Moving Averages (MA)*: Smooths price fluctuations and identifies trends and potential crossovers.

- *Moving Average Convergence Divergence (MACD)*: Identifies trend reversals and momentum shifts.

Chart Patterns

- *Trend Lines*: Help identify support and resistance levels.

- *Japanese Candlestick Patterns*: Provide insights into market sentiment, such as bullish/bearish engulfing patterns.