What's the 411 on Technical Analysis?

Technical analysis is basically the whole vibe traders use to peep those price moves.

The theory's all about checking out how prices partied in the past to figure out the scene now and what could go down.

A person who vibes with technical analysis is called a technical analyst. Meanwhile, the squad who trade using this are known as technical traders.

So the receipts for technical analysis say that, no cap, all the market tea is in the price.

Technical traders be like, “It’s all in the charts, fam!”

This means all the important deets are already in the current market price. For real.

If the price is dropping all the tea, then price action is basically your BFF for trades.

Technical analysis is like finding the beat in the music of price action.

Like, you know the saying, “History tends to repeat itself“?

Well, that’s what technical analysis is low-key talking about!

If a certain price has been doing the heavy lifting as major backup or blockade level before, forex traders got their eyes on it and will throw their trades in the mix around that OG price spot.

Technical analysts are out here catching same patterns that hit hard in the past and will throw trade ideas, thinking the price might just do a rinse and repeat.

Technical analysis ain’t really about predicting as much as it’s about POSSIBLE vibes. 

Technical analysis is about looking back at price action bops to spot patterns and see what future beats might sound like.

Technical analysis is all about past price action.

So like, how on earth does one “study historical price action“?

In the trading zone, “technical analysis” legit means check out a chart.

The squad uses charts because they're the move for checking historical vibes visually!

Technical aficionados live for the charts, breathe charts, probably dream of them too, and thus, we call them chartists.

Chartists are like, price action is the one and only clue for future price action beats.

The Vibe Behind Technical Analysis

Technical analysis vibes with some key deep thinkin’ principles:

• Market Efficiency: Prices spill all available tea, making traditional analysis a bit meh.
• Crowd Psychology: Market peeps’ feelings and actions make those pattern beats.
• History Repeats Itself: Human nature and market drama lead to familiar pattern throwbacks.
• Fractals: Markets get creative, with small game plans looking like big ones. Pattern jams repeat at different times and places.
• Probabilistic Thinking: It's all about the probabilities, no mood analysis here.
• Adaptive Markets: Markets get glow ups, and technical analysis has to adapt to the new scene.

Peep the deets from the past to spot trends and patterns that might just lead you to a banger trade.

The dope thing is a bunch of traders relying on technical analysis means these price patterns and chart signals become literal manifest destiny.

As more forex peeps cheer for certain price and chart levels, the more likely the patterns will live their best lives in the markets.

Keep it 100, though technical analysis is HELLA subjective.

Even if Michelangelo, Donatello, Leonardo, and Raphael all vibe with the same chart or indicators, they might not slide the same direction on where prices finna head.

The real tea is soaking in the technical analysis vibe, so no brain fade when folks throw "Fibonacci", Bollinger Bands or pivot points out there.

And you're probably like, “Dang, these folks are squeaky clean smart. Droppin’ big brain words like ‘Fibonacci’ and ‘Bollinger’. How can I even?”

No cap, you’ll be smashing it too after schooling with the School of Pipsology, and be on our level of uhmmm... "smart".