Technical analysis is a method of analyzing financial markets and securities based on statistical trends, patterns and chart movements. Traders use technical indicators and chart patterns to identify potential trading opportunities and make informed trading decisions. Technical analysis can be applied to various financial instruments, including stocks, currencies, commodities and indices, and is used by traders of all levels to help them identify market trends and potential price movements. While not a guaranteed predictor of market behavior, technical analysis can provide valuable insights for traders and investors looking to make data-driven decisions.
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