Essential Technical Analysis (TA) Tools:
Support and Resistance Levels: Identify areas where buying (support) or selling (resistance) pressure is historically strong. These are crucial for setting entry and exit points.
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Volume: Always confirm price movements with volume. High volume during a price change suggests the trend is strong and valid. Low volume suggests the move may be weak or a false signal.
Indicators (RSI, MA, MACD): Learn to use tools like the Relative Strength Index (RSI) to identify overbought/oversold conditions and Moving Averages (MA) to track trends. Crossovers of short-term and long-term MAs can signal trend changes