We often hear the words, “Technical Analysis”. But what exactly does that mean?
In this video we first go back to Edwards & Magee in the 1940s, and then come up with our own definition. For us, it’s defined as follows:
Technical Analysis is the study of the behavior of the market, and therefore, market participants”
This is as opposed to the study of the goods and services in which a particular market deals. So Technical Analysis includes things like Trend Recognition, Cycle Analysis, Momentum, Relative Strength, Sentiment, Seasonality, Intermarket Analysis and many other approaches to financial markets that are based on price behavior.
This explanation is taken directly from Lesson 1 from the NEW Allstarcharts Charting School:
If this is something that you’re interested in learning more about, I encourage you to enroll in our Charting School at a discounted price of just $395 for LIFETIME ACCESS to all 7 Lessons. That’s 6 hours of content including quiz questions after each section. Join Here
Let me know if you have any questions