Tech Analysis, or Technical Analysis, refers to a method used in finance and trading that analyzes price movements and trading volumes to forecast future price behavior of financial assets, such as stocks, currencies, commodities, and more. Unlike fundamental analysis, which evaluates a company’s financial health and economic factors, technical analysis focuses solely on the price action and market trends.
Traders utilizing technical analysis use various tools and indicators, such as charts, moving averages, and oscillators, to identify patterns and signals that can indicate potential price movements. The underlying assumption of technical analysis is that past market behavior and price trends tend to repeat themselves over time, allowing analysts to make informed predictions about future market movements.
Key concepts in technical analysis include support and resistance levels, trend lines, and various chart patterns (such as head and shoulders, double tops, etc.). It is widely used by day traders, swing traders, and investors to make trading decisions and manage investments, providing insights into market sentiment and potential reversals.
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