Technical analysis is a fundamental tool for any trader looking to understand and predict market movements. Instead of relying on news or financial data, technical analysis focuses on the study of price action, chart patterns, and indicators to identify trading opportunities.

Elements that can be considered:

  1. The last candle of a direction, those above become offer prices and those below become demand prices.

  2. Patterns that will be changed at some point.

  3. The necessary liquidity to go in one direction (one cannot maintain the same direction for a long time unless it is a massive or global movement).

  4. Set % of profit and loss, e.g. in three losing trades I can recover it in one winning trade.

  5. Some technical indicator that can clearly establish a change in volume.

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