What is Technical Analysis?

It is always good to go through the basics and review how your views has changed over time. At the very beginning of my trading journey, technical analysis was something I could not even grasp. After few years I was acting like a scientist and trying to make a science of it. And few years ago I got back to the very basic view, which is from my point of view a very reasonable and is exactly what technical analysis is all about.

So What is Technical Analysis?

  • Analysis of supply and demand

What is NOT Technical Analysis?

  • Quantum Theory
  • Theory of Relativity
  • Astrophysics

 

And what is your view at technical analysis? =)

 

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  • finding smoothed direction of that zig zag line and best supply demand levels to join that direction and to exit

    • Thank you Viktor for sharing your view at technical analysis and it definitely complies with he above written. No science.

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