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🌠 Methods of Technical Analysis 🌠 👋🏻👋🏻Hello friends, we continue study together ❤❤ And we look further at the technical analysis.👌🏻 Today we'll analyze the main methods of technical analysis. You can choose for yourself the most convenient. Further, we'll consider in more detail each of them) LET"S Go)🚀🚀🚀 Graphical technical analysis is the analysis of various market graphical models formed by certain patterns of price movements on charts, with the goal of assuming the likelihood of a continuation or change of an existing trend. 👉🏻👉🏻👉🏻Classical figures of technical analysis are divided into: ⚡confirming a trend reversal ⚡confirming the continuation of the trend ⚡confirming the possibility of both a reversal and a continuation of the trend 👉🏻👉🏻👉🏻The main tool of analytical methods is an indicator, which in turn is a set of functions from one or more basic time series, with a specific time "window". ⚡Trend indicators These indicators include indicators used to measure the trend, its strength and duration. A classic example of trend-confirming indicators is the moving average. This class includes such well-known indicators as MACD, Directional Movement, Parabolic and others. ⚡Volatility indicators Indicators of the second category are used to measure the measure of price volatility of the underlying a sset. Variability is a concept that describes the magnitude of daily price fluctuations independent of the main direction. These indicators include: Chaikin's Volatility, Standard Deviation, Bollinger Bands. ⚡Moment indicators Representatives of this category are used to measure the rate of price change over a certain period of time. These are, first of all, Momentum Indicator, Relative Strength Index (RSI) and Price Rate-Of-Change (ROC). ⚡Cycle indicators These indicators are used to identify cyclic components and their length. These are Fibonacci Time Zones, MESA Sine Wave Indicator, and others. Such indicators work well only on sideways trends. These indicators are very important for futures traders working in commodity markets for sugar or oil grains - in markets with a very high cyclical component. ⚡Market strength indicators It uses either the volume of transactions or the number of open positions as one of the basic independent variables. Indicators of this category, based on a series of volume data, give signals about the strength of the current trend. Indicators in this category include On Balance Volume, Volume Accumulation, and others. Wave analysis is based on the notion that markets follow certain patterns called waves, which are the result of the natural rhythm of mass psychology that exists in all markets. There are several advanced wave theories. The essence of the Elliott Waves is that prices alternate between the phases of the momentum, which establish the trend, and the phases of correction, which adjust the trend. The simplest and clearest description is that the pulse phase contains 5 smaller waves, and the correction phase contains 3 smaller waves. NeoWave is an extension of Elliott Wave concepts to reduce subjectivity. In fact, wave analysis has nothing to do with the market. At least in the modern world. This theory once worked, but not now. Although it attracts a lot of people with its simplicity and visibility. Now you will not find two wave operators that would give the same market assessment and forecasts. So many directions and methods of wave analysis have formed today. Wave analysis is an artificially invented method for predicting markets, that is, not natural even for human behavior. If you use it, then be extremely careful. To say that wave analysis does not work is too subjective. Each for himself decides what and how to use. Right or wrong - the market will judge by adding or taking money to the account. ❤I hope you understand everything and you liked it.❤ 🥰Then put me like and subscribe, and who is already with me - you're great, I love you)❤ I'm waiting for everyone in the next training post !!!😍 🔥Have a nice day, everyone! Don't forget to evolve everyday, I watch on U🧐!! Stay in touch🙃 Kiss U 💋 Your Rocket Bomb🚀💣
BITSTAMP:BTCUSDEducation
by RocketBomb
9
⭐Technical Analysis (TA)⭐ 👋🏻Guys, we recently finished considering the basic trading methods. 👇🏻 I suggest starting a new section. 💪🏻One of the most important for the trader. ✌🏻Fundamentals of Technical Analysis (TA). ✌🏻I am sure that it would be very important for beginners, and for other traders too. Let's start from the beginning.✈ 💫 Let’s Go 💫 The essence of technical analysis is, that people, from a psychological point of view, behave the same way in the markets and in ordinary life. At the same time, models of people's behavior are drawn on the markets, which are repeated constantly. The task of technical analysis is to assess the future state of the market from an analysis of its past state. 🗝🗝🗝Key Points🗝🗝🗝 Technical analysis (TA) is a study of market dynamics, most often through charts, in order to predict the future direction of price movements. In this technical theory, as in any theory. There are basic postulates. 1️⃣ Axiom - Prices include everything Any factor affecting the price (for example, the market price of a product) - economic, political, psychological - is taken into account in advance and reflected in its chart. 2️⃣ Axiom - Price Movement Subjected to Trends This assumption became the basis for the creation of all methods of technical analysis. The main task of technical analysis is to determine the direction of price movement for use in trade. 3️⃣ Axiom - History Repeats Analysts suggest, that if certain types of analysis worked in the past, then they will work in the future, as this work is based on sustainable human psychology. Technical analysis also allows you to understand the general state of the market at the moment. Technical analysis as a whole can be defined as a method of forecasting prices based on mathematical, rather than economic calculations. Technical analyst reveals market sentiment, setting himself a set of the following goals: ⭐1. Assessment of the current direction of price dynamics, that is, the identification of a trend. The following options are possible here: ✔ up movement ✔ down movement ✔ flat (accumulation / distribution) ⭐2. Assessment of the term and period of validity of this area. May be: ✔ short-term trend ✔ long-term trend ⭐3. Estimation of the amplitude of price fluctuations in the current direction: ✔slight change in course ✔ strong change in course 🙃🙃🙃If this introductory post interested you, put me like and subscribe.❤ 🥰😍🥰A lot of interesting things awaits us further. Soon you’ll know about: 🔖Graphic methods 🔖Analytical methods 🔖Cycle theory 🔖Wave analysis 🔖Resistance / support levels 🔖Channel - element of technical analysis 🔖 Fibonacci levels ⚡Stay with me⚡ Your Rocket Bomb🚀💣
BITSTAMP:BTCUSDEducation
by RocketBomb
8
👨🏽‍🎨👩🏽‍🎨👨🏻‍🏫HOW TO MAKE TA IN 10 MIN 👨‍🏫👨🏻‍🎨🧑‍🎨Hello guys! In next 10 min I will teach you how to make TA! Really simple steps to create your TA. 4 useful tools to build your TA: -Trend Line -Head and Shoulders -Levels -Fibonacci ATTENTION: Dear followers please consider to appreciate my ideas on tradingview with your likes, this will help bring more quality content in next trading ideas. And if new to my work, and you like it, you can Follow my page to receive ideas in your Ideas Stream. Thanks 🤝😊 Stay tuned to Artem Crypto
WEducation
by ArShevelev
17
LINK - H&S pattern? TA trainigHello traders, This is quinck analysis about possible H&S pattern just shown up today... Im not sure if is it real H&S pattern or just fake one, so Im posting this to open conversation with you guys... Everything suggest that is supposed to be real pattern, but Im worried about volume... Theory says that left shouled volume should be the highest from pattern, then head volume and the lowest should be right shoulder... but it is not like that in this figure... However, if is it real H&s pattern then we can expect fall to level around 2.68 (yellow line)... Anyway at this moment we can see pullback from neck line, so the best is to wait for confirmation... Let me know what you think in a comment session, cheers
COINBASE:LINKUSDShort
by BohemianCrypto
EURCHF: Bullish Run In A Few Hours Using support and resistance, EURCHF seems to have reached its lowest support which has held since 2011. It held again in 2016, and 2017. Using the 30 minutes time-frame, price is forming a flag on the top of the bottom. This signifies a reversal of the current downtrend which seems to have been in progress since early February. However, there are other fundamental factors affecting the price of this pair like the weakening strength of the Euro due to the ECB's interest rate decision, and also the mayhem being caused by the Covid-19 in Italy. If all other factors remain as they are, the we should be expecting a bullish run in this market for the next couple days. Always keep your lot sizes small and use proper risk management techniques. All comments are also welcome, and debate is necessary for growth. I'm happy to welcome contradicting ideas, as it'll help me grow in making proper analysis in the future. Thanks guys.
Long
by Psalm01
1