Trading

Three Pillars of Technical Analysis

1. The price takes everything into account.   2. Price movements are subject to tendencies (trends). 
3. History repeats itself.

2. Individual price changes may be random, but their combination over a period of time can create a trend—the direction in which the market will move for some time. If down, then the trend is downward, if up, then the trend is up.

3. Based on the analysis of historical data, it is possible to predict the dynamics of price changes, since the behavior patterns of market players can be repeated.

1. Any factor that can affect the price: psychological, economic or political, has already been taken into account by the market and included in it. Therefore, to make a forecast, you need to concentrate on the price chart.

Absolutely! Understanding these principles can significantly enhance trading strategies and decision-making processes.

totally agree, history always repeats itself!

totally agree! history rlly does repeat itself, especially in the stock market 📈🤑

Great summary! Do you use any specific indicators to identify trends?