Technical analysis is a method of price forecasting that involve pattern recognization on a chat analyst employ various tools to identify levels of support and resistance breakouts and breakdowns Trend and trading range knowing the strategies basics on can likely find oneself able to implement some of the key elements into a self design strategy. charts: are chart is a graphic representation of how the price change that in the set period of time in almost any training platform you will find candlestick bar and line chart types all three are based on the same data but display them in different ways. 1) line chart is a simple and basic type of that only shows closing prices. 2) on the bar chart you can absorb open high low and closing prices for each period of time the vertical lines is created by high and low prices the — on the left shows the open price and the — on the right represent the close price. 3) perhaps the most popular tribe candlestick chart shown open high low and closing prices during the set period of time as well. Each candlestick consists of the body created by opening and closing prices and the weeks that shows high and low prices for each period. This type of chart is usually displayed in two different colours one colour represent bullish candlestick while the other represent bearish. Bullish candlestick means that close price was higher than open price while bearish candlestick represent the opposite close price was lower than open price. note, however, on them to identify where the ask price was at any given time. timeframes: time frame denotes the amount of time it takes to complete each candle or bar and how much data it includes for example time frame 1 hour shows how much the bid price activated within an hour you can customise time frame for each 8 in your trading platform in general shorter time frames are believed to produce more signal however a significant part of them tends to be false. In construct , longer time frames may provide relatively less signal but they will be stronger and more significant for a particular Trend. Here is how the same price data look when you change periodicity. Thanks
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