financial analysis that uses patterns in market data to identify trends and make predictions.
Studying charts patterns is the basic concept of technical analysis. There are a variety of charts that show price action. The most common are bar charts.
Besides studying chart patterns, there are other varied and more sophisticated technical tools and mathematical indicators available. The most commonly used are technical indicators
Technical analysis applies to all charts, whether they are 5-minute charts for day trading or daily charts for longer term trading.
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