What Is Technical analysis?
Technical analysis is a trading discipline employed to evaluate investments and identify trading opportunities by analysing statistical trends gathered from trading activity, such as price movement and volume.
Technical analysis in trading is the study of historical price movements and patterns on charts to predict future market behavior. It uses various indicators, chart patterns, and statistical tools to identify trends, support and resistance levels, and potential entry or exit points for trades. The core assumption of technical analysis is that all relevant market information is reflected in the price, and that price movements are not entirely random but follow identifiable patterns that tend to repeat over time.
Technical analysis is the opposite of fundamental analysis.
More information in Wikipedia.
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