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What is Technical Analysis?

Technical analysis defines for traders and investors clear buying and selling opportunities in the markets by observing support and resistance lines. Its important to note that many traders dismiss technical analysis and claim that all it does is give you a representation of past price action and reveals nothing about the future. Market technicians however, would argue that technical analysis, when used correctly has proven to be not just a reliable trading tool, but the only trading tool for many successful traders.

technical analysis

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