Overview
Technical Analysis
Long or Short what do I do. Wouldn’t it be great if
someone could tell us tomorrow’s closing prices today? Unfortunately no one can
(legally) that is why we have Technical analysis.
Technical analysis is a method of forecasting price
movements by looking at purely market-generated data. A trader who uses
technical analysis (sometimes called a technician or chartist) is essentially
concerned with two things;
1) what is the current price?
2) What is the history of price
movement?
Technical Analysis is the forecasting of future
financial price movements based on an examination of past price movements. Technical
analysis can help investors anticipate what is "likely" to happen to
prices over time. Technical analysis uses a wide variety of charts that show
price over time.
In this class we will go over pattern recognition. I
will show you 10 of the most widely followed chart patterns. Teach you the
proper way to draw them and explain how I trade them.
Technical Analysis Is Based On Three Major Conclusions About
The Market:
1. Market Action discounts everything
Supply Vs.
Demand factors.
Fundamental,
Political and Psychological factors.
2. Prices move in trends
Identify new and
existing trend.
Prices move in
trends– Trend in motion is more likely to continue than to reverse.
3. History repeats itself
Future is the
repetition of past
Technical Vs. Fundamental
Fundamental:
Study the cause of market movement.
Supply-demand factor.
Government interventions.
Technical:
Study the effect of movement.
Price, Volume, Trend, Chart
Line Charts
Candlesticks Chart
Bar Chart
Point & Figure
Chart
Supports & Resistances
Trend Channel Supports
& Resistances
Pivot Analysis
Camarilla Levels
Trend Line Theory
Fibonacci Method
GANN Theory
Bollinger Band
Chart Patterns
Trend Continuation
Patterns
Trend Reversal Patterns
Market Indicators
Volume Indicators
Momentum Indicators
No comments:
Post a Comment