➤ "Live daily technical analysis with a simplified explanation - suitable for beginners"

📊 Introduction to Technical Analysis

Technical analysis (TA) is a method used to evaluate and forecast the price movements of financial assets (like stocks, forex, or crypto) by analyzing past market data, primarily price and volume. Unlike fundamental analysis, which focuses on a company’s intrinsic value, TA is all about charts, patterns, and indicators.

🔍 Core Principles of Technical Analysis

1. Market Action Discounts Everything
   All known information—public and private—is already reflected in price. So, price is the main input.
2. Prices Move in Trends
   Markets tend to move in identifiable trends (up, down, or sideways). Technical analysis helps traders recognize and ride these trends.
3. History Repeats Itself
   Because markets are influenced by psychology, patterns and behaviors tend to repeat over time

   

🧭Daily Analysis Workflow (Step-by-Step)

Here’s what a typical daily analysis process might look like:

StepAction1️⃣Check the overall market trend (bullish, bearish, sideways)2️⃣Look at yesterday’s price action and volume3️⃣Identify support and resistance zones4️⃣Apply 2–3 indicators to confirm trend/momentum5️⃣Look for chart patterns or signals (breakouts, divergences, etc.)6️⃣Plan your trade: entry, stop-loss, take-profit7️⃣Execute with strict risk management (e.g., 1–2% per trade)