Technical Analysis

Technical analysis is a method traders use to forecast an asset’s price movements by studying historical market data like price, volume, and open orders. It often involves identifying patterns and key points on charts, such as resistance and support levels, which can signal potential price changes. The main aim is to find trading opportunities and potentially outperform the overall market.

Unlike strategies that focus on financial news or company fundamentals, technical analysis looks strictly at market data and price trends. However, it can also be blended with fundamental analysis for a more comprehensive approach to decision making.