BASIC CONCEPTS OF TRADING.
What does technical analysis consist of🤔?
Technical analysis is a method for evaluating securities through the analysis of statistics created by market activity, such as past prices and volume. It is primarily used to predict the direction of prices.
Technical analysts believe that market trends, shown by charts and other technical indicators, can predict future activity (down or up).
One of the common tools in technical analysis is the use of technical indicators such as: Moving averages, relative strength index, and stochastic oscillators.
Technical analysts also use various chart patterns for price movements, such as: Head and shoulders and triangles.
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