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What is Technical Analysis
Now that we’ve spoken about fundamental analysis, what it means and what it consists of, let’s take a closer look at technical analysis. What is technical analysis？Unlike fundamental analysis, which is concerned with an asset’s intrinsic value and what its price should be, technical analysis focuses more on pattern recognition. Technical analysis is a subjective art basedContinue Reading
Written on December 28, 2020 at 8:04 am
Categories: Analysis
Support and Resistance
Support and resistance is a concept used within technical analysis that suggests that the market price of an asset will tend to fall and rise at certain predetermined levels. SupportThe support level is the level at which the price tends to find support as It is falling; it is more likely to “bounce” off thisContinue Reading
Written on December 28, 2020 at 8:01 am
Categories: Analysis
Trendlines Channels
Trendlines“The trend is your friend” is a quote used often by traders and the theory behind it is simple; it’s perceived as easy to make money trading in the same direction as the trend. An uptrend line (successive higher highs and higher lows) is depicted as a line drawn along the bottom of easily identifiableContinue Reading
Written on December 28, 2020 at 7:56 am
Categories: Analysis
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