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[[Technical Analysis|Technical Analysis]] is
a method of predicting the future direction of prices by studying charts of past market action. Technical analysts, or chartists, try to predict future prices on the [[Basis|basis]] of how prices move up and down, rather than why they have moved. They pay close attention to recurring [[Patterns|patterns]] in charts of price action and look at trends, and at the speed of change and the [[Momentum|momentum]]. , bar, candlestick, and and a large number of technical theories and indicators including Elliott Wave, RSI, [[Moving Average|moving average]] and [[Stochastics|stochastics]]. |+|
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Revision as of 23:40, 8 June 2007
Technical Analysis is the forecasting of markets through the study and analysis of data generated exclusively from the buying and selling of financial instruments. It is part science and part formalization of trader intuition and experience. Any market for which there is a regular, transparent transaction history is a candidate for technical analysis. Planetary cycles, opinion polls, fundamental, monetary and economic data as well as any data not specifically generated from the buying and selling process, are not a part of orthodox technical analysis.