What is Technical Analysis and does it really serve to predict the price?

First we must start from the idea that technical analysis is a method of evaluating values ​​by observing information that is derived from both past and present price, so that it is mainly used to predict the direction of prices through the study of that information that is financial, mathematical and statistical.

Market analysts believe that the market trends suggested by that data can predict the future activity of an asset, but DOES IT REALLY WORK?...

First we must start from the idea that Technical Analysis is the basis of work for many traders and therefore we consider that it ultimately works, but considering trading operations based solely on the technical analysis of the indicators derived from price information can not be the best option for trading.

Technical analysts who are actually profitable with this trading method is not the only thing they use, I do not know traders currently in my circle who only use Analysis as an efficient and functional trading method, but who actually use other methods that are supported each other with Technical Analysis information, such as: Price Action, Chart Pattern Valuation and other tools.

To say that the technical analysis of indicators works on its own is to have only one part of the winning equation. We must add fundamental analysis, verification of open interest, Volume, price and of course supply and demand, putting everything together it is very likely that we will have the key to success.

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