What is Technical Analysis?
Technical analysis is the study of price action and volume to forecast future price movements. It assumes all known information is already reflected in the price.
Common Indicators
- Moving Averages: Smooth out price data to identify trends.
- RSI (Relative Strength Index): Measures momentum and overbought/oversold conditions.
- MACD: Shows the relationship between two moving averages.
- Support & Resistance: Key price levels where momentum tends to stall.
Start Simple
Don't overwhelm yourself with dozens of indicators. Master one or two patterns and build a consistent system around them.