Technical Analysis Summary

Technical analysis is based on market action, which is price and volume – and includes open interest too with futures and options.

Charles Dow - “Father of Technical Analysis” 

The markets discount everything, reflecting all there is to know about the price.

History repeats itself, so you can expect the same outcomes from same circumstances.

The Dow Theory states that there are three types of price movement in a trend, and that the primary movement has three phases.

Fundamental factors does not guarantee that there will be an increase in price anytime soon.

Fundamental analysis may be great for the long term but would not be a good basis for trading.

Traders rely on technical analysis to make short-term profits.

Technical analysis can be applied across different markets and different types of securities, such as stocks, futures and currencies (Forex).