Applying Technical Indicators
The study of market action is the essence of technical analysis. The term technical analysis includes many different tools technicians use to study market action. The Wave Principle, for example, is a model with which one can practice technical analysis by recognizing wave patterns resulting from shifts in crowd psychology. Other bases for technical analysis are Japanese candlesticks, point and figure, relative strength index, and moving average convergence-divergence.
Which tool is the best? Technicians hotly debate this question, but I see it this way: The best tool is the one that works best for you. For ...
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