What is Technical Analysis
Technical analysis plays a significant role in predicting the future movement of the asset price. It involves studying charts. Some patterns repeat regularly, suggesting further developments.
Traders and analysts all over the world study the formed patterns and, in accordance with generally accepted characteristics, they recognize them and plan further trading.
Basic elements of technical analysis are various lines that are located on the price chart or appear below it.
With these lines, you can learn about the direction of the prevailing trend, and the oscillators will show the turning points. They are designed based on rules that automatically calculate and display results.
Many traders believe that keeping track of several indicators can give a clearer picture of the market situation and help predict future events.
Traders and analysts all over the world study the formed patterns and, in accordance with generally accepted characteristics, they recognize them and plan further trading.
Basic elements of technical analysis are various lines that are located on the price chart or appear below it.
With these lines, you can learn about the direction of the prevailing trend, and the oscillators will show the turning points. They are designed based on rules that automatically calculate and display results.
Many traders believe that keeping track of several indicators can give a clearer picture of the market situation and help predict future events.
