Basic Concepts of Technical Analysis and Its Application
Technical analysis involves studying price charts, trends, and indicators to predict future movements. Key tools include moving averages, RSI, MACD, and support/resistance levels. Traders use chart patterns like head & shoulders or triangles for decision-making. It helps in identifying entry and exit points based on historical data. Technical analysis is widely used for short-term and day trading strategies.
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Basic Concepts of Technical Analysis and Its Application
Technical analysis involves studying price charts, trends, and indicators to predict future movements. Key tools include moving averages, RSI, MACD, and support/resistance levels. Traders use chart patterns like head & shoulders or triangles for decision-making. It helps in identifying entry and exit points based on historical data. Technical analysis is widely used for short-term and day trading strategies.