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Really what is Technical analysis?

Technical analysis is based on the psychology of buyers & sellers, it's a game of probability where chances of success lean in your favour relying on the premise that winning trades are held longer than the losing ones as [USER=39488]@KevinBB[/USER] has just rightly pointed out.


Pattern formation & breakouts

Technical analysis is purely based on pattern formation & breakouts, as well as resistance & support levels. Traders are entering & exiting positions at different times as their analyst has a different view on the same price pattern. This is the reason why trading is so exciting.


Skate.


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