Technical Analysis Support and Resistance

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Core of Technical Analysis
Technical Analysis is the study of past price movements, volume, and market trends to predict future price direction.
3 Main Principles:

Market Discounts Everything
All news, emotions, and fundamentals are already reflected in price.

Prices Move in Trends
Markets usually move in uptrend, downtrend, or sideways trends.

History Repeats Itself
Human psychology creates repeating chart patterns.

Key Tools:

Charts (Candlestick, Line, Bar)

Support & Resistance

Trendlines

Indicators (RSI, MACD, Moving Averages)

Volume Analysis

Patterns (Head & Shoulders, Double Top, Triangle)

Goal:
Find good entry, exit, and risk management points for trading.

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