Technical analysis – how to use it?
19-07-2024
Technical analysis is a commonly used method of evaluating historical data related to price trends and volume. It makes it possible to predict the future behaviour of financial instruments. One of its main slogans is "history likes to repeat itself". It is used for any asset class, in short-term and long-term strategies. The basic tools used in technical analysis are charts, m.in. line, bar, and candlestick charts on various time frames. They make it possible to identify trends that have occurred in the price of a particular asset in the past. By enriching chart analysis with correctly selected indicators and the ability to define their signals, you can make it easier to make investment decisions.