Basic concepts of Technical Analysis
Technical Analysis is the forecasting of future financial price movements based on an examination of past price movements. Like
weather forecasting, technical analysis does not result in absolute predictions about the future. Instead, 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.
Technical analysis is applicable to stocks, indices, commodities, cryptocurrencies and other tradeable instrument where the price is influenced by the forces of supply and demand.