Bhavishya- Technical Analysis

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Technical analysis is a method of evaluating securities by analyzing the statistics generated by market activity, such as past prices and volume. Technical analysts do not attempt to measure a security's intrinsic value, but instead use charts and other tools to identify patterns that can suggest future activity

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As Traders, it’s important to have tools to help you to determine which direction the market is heading. When we can form a view of direction, we can then identify trading opportunities and choose a strategy to help profit from the movement. To do this, we use Technical Analysis. Technical analysis is the interpretation of the signals the market gives us, such as patterns, trends and price movements. Whether you’re a beginner or an experienced trader, coming to terms with technical analysis is an essential part of your trading plan. Learn more about our trading education programs bu visiting our website: http://traderscircle.com.au/

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What is meant by price action? The movement of a security’s price plotted over time is known as price action. All technical analysis of a stock, commodity, or other asset chart is based on price activity. Many short-term traders base all of their trading choices solely on price movement and the formations and trends that can be drawn from it. Since it employs previous prices in calculations that can then be used to advise trading decisions, technical analysis as a practice is a derivative of price action. A method for speculating on the financial markets called “price action trading” involves analyzing the fundamental changes in price over time. It is frequently used by institutional traders, hedge fund managers, and a large number of retail traders to forecast the future direction of the price of securities or financial markets. In other words, price action trading is a ‘pure’ form of technical analysis because it doesn’t use any indicators that are derived from previous prices. The only data a market generates about itself that price action traders are interested in is price movement over time. Price action analysis enables a trader to comprehend market price movement and offers explanations that help the trader create an image in their minds of how the market is currently structured. A market’s ‘gut feel’ and the experience of seasoned price action traders are frequently cited as the main drivers of their trading success. A trader can attempt to interpret the human thought process underlying a market’s movement using the price action of the market. As they trade, each participant in a market leaves ‘clues’ in the form of price action on the price chart of that market. These clues can be analyzed and used to try to predict the next move in a market. What Can You Learn from Price Action? Charts that show price changes over time can be used to observe and interpret price action. To better identify and understand trends, breakouts, and reversals, traders’ use various chart compositions. Since candlestick charts show the open, high, low, and close values in the context of up or down sessions, they aid in the better visualization of price movements and are popular among traders. Price action can be visually interpreted using candlestick patterns like the Harami cross, engulfing pattern, and three white soldiers. Many more candlestick formations can be created based on price action to predict what will happen next. Other chart types, such as point-and-figure charts, box charts, box plots, and others, can use the same formations. Many technical analysts calculate technical indicators using price action data in addition to the visual formations on the chart. The objective is to uncover order in a price’s occasionally seeming random movement. For instance, the price action indicates that bulls have attempted a breakout on multiple occasions and have gained momentum each time, so an ascending triangle pattern created by applying trend lines to a price ac

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Unlock the secret to making consistent profits in trading! In here, we will learn the most profitable chart patterns that can skyrocket your earnings. Whether you’re new or experienced, these patterns are your key to success. Chart patterns are graphical representations of price movements in financial markets, usually depicted on a price chart. Traders and analysts use these patterns in technical analysis to identify potential future price movements and make informed trading decisions. Identifying profitable chart patterns is essential for successful trading. These patterns are helpful in finding entry and exit points, reflecting market psychology, aiding in risk management, and forming the basis for trading setups and strategies. They have historical reliability and can increase the probability of successful trades. However, it’s important to use chart patterns in conjunction with other analyses and be aware of the risks involved in trading. Reversal patterns are specific formations on a price chart that indicate a potential change in the direction of a prevailing trend. They serve as signals for traders that a trend reversal might be occurring. These patterns suggest that the current trend, whether it’s going up or down, may be coming to an end, and a new trend in the opposite direction could be starting. Reversal patterns are important because they help traders identify potential turning points in the market. By recognizing these patterns, traders can anticipate when a trend is losing momentum and prepare to take advantage of the new direction that might emerge. Reversal patterns can provide early indications that the existing trend is weakening and that it might be a good time to consider changing one’s trading strategy. These patterns can take different forms, such as a double top/bottom, head, and shoulders. Each pattern has its own unique characteristics, but they all share the common purpose of suggesting a possible trend reversal. Traders analyze these patterns and use them in conjunction with other indicators to confirm the reversal and make informed trading decisions. It’s important to note that while reversal patterns can be reliable indicators, they are not foolproof guarantees of a trend reversal. Traders should always consider other factors, such as market conditions, volume, and additional technical indicators, to increase the accuracy of their analysis and avoid making hasty decisions based solely on the presence of a reversal pattern. Continuation patterns are shapes on a chart that show a short break or rest in an ongoing trend before it starts again. These patterns play a vital role in identifying these pauses, allowing traders to recognize when a trend is likely to continue. They confirm the trend’s direction and help manage trades effectively. Continuation patterns help traders recognize periods of consolidation, indicating that market participants are taking a break and causing the price to move within a specific range temp

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