In this article, we will explore the intricacies of financial decision-making and how to protect your investments in the stock market. We’ll delve into various heuristics and cognitive biases that...
Read MoreDecoding Market Dynamics: The Essence of Technical Analysis
Welcome to the exploration of Technical Analysis (TA), a powerful tool that goes beyond predicting market moves. In this article, we’ll delve into the history of TA and learn how to apply it effectively. Unlike the common perception of TA as a predictive tool, I invite you to see it through a different lens – one that focuses on human behavior and psychology in the market. Unlocking the Story: At its core, technical analysis is an art that allows you to decipher the collective mood of market participants. The chart becomes a canvas reflecting the continuous battle between the bulls and bears, with each candlestick telling a unique story. These candlesticks provide essential information, including the open, close, high, and low prices. When combined, they unfold a narrative that spans various time frames, be it hourly, daily, or weekly. Understanding Candlesticks: To grasp candlesticks better, I recommend delving into Steve