Technical analysis attempts to understand the market psychology by studying the behavior of the market in the past. If one understands the essence, benefits and limitations of technical analysis, it can give him new skills to become a better trader.
The main objective of “Technical Analysis Explained” is to help you learn the most essential and fundamental points of technical analysis, understand why and how successful traders use it in their trade and develop your own trading strategy based on technical charts and indicators.
Recent variations of Dow Theory are the Elliot Wave theory and the Kondratieff Wave theory. The idea of Elliot Wave theory is that security prices can be described by a set of wave patterns.
Михаил Поповje citiraoпрошле године
Technical analysis is the study of market action primarily through the use of charts for the purpose of forecasting future price trends. By “market action” the following three main sources of information are implied: price, market volume, and open interest, the latter referring only to options and futures. The terms “price action” and “market action” are very often used interchangeably. The history