Want to know about Fibonacci Retracement? For that, you need to first understand about Fibonacci numbers. These Fibonacci numbers come in a very natural sequence. As they can found in petals of flowers, So the majority of flowers if you count have 3, 5, or 8 petals. Even the cones in pineapple, the breeding cycle of rabbits also follows the Fibonacci sequence. There is just a never-ending list.
Searching for technical indicators? Well, along with studying candlesticks patterns, technical traders can draw from an immerse supply of technical indicators like moving averages, etc which can assist them while trading.
Technical analysis in trading is the analysis of the movement of price to predict the future of assets i.e., Stocks or currency pair via a tool or a method based on market data.
Looking for ways to analyze stocks? Stock market investors and analysts look at no of factors to predict prices of stock going up or down. Here are some of the most common variables used for the analysis of stocks – Market Cap, EPS, and Financial Ratios.