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Technical Analysis For Beginners (The Ultimate Guide)
Technical analysis is the art and science of reading charts to quantify the trend or trading range price is in, the path of least resistance for the next directional move, the area of value on the chart, and create good risk/reward ratios by defining key technical levels. There are two major schools of thought within technical analysis: predictive technical analysis and reactive technical analysis. Predictive technical analysis is practiced when traders project what will happen next in price movement based on a current chart pattern. They look for the clues of volume, trendlines, and the levels of support and ... (full story)
