Technical analysis is a method used in financial markets to evaluate and forecast future price movements of stocks, currencies, commodities, and other tradable assets.
It involves analyzing historical market data, primarily price and volume, to identify patterns, trends, and indicators that can provide insight into the future direction of prices.
The underlying principle of technical analysis is that market prices reflect all available information, and by studying past price behavior, patterns and trends may emerge that can help predict future price movements.
Technical analysts believe that historical price patterns tend to repeat themselves due to human psychology and market dynamics.
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