Moving averages simply allow us to define and recognize trends. An easy and quick indicator that can help you scan over several charts much faster.
By properly deciding the time frame suitable for your needs, more efficient and accurate trades can be made.
With three successive peaks and clear characteristics, this pattern can accurately predict trend reversals and price targets. It can be used in both a bullish or bearish situation.
Whether it be up, down, or sideways, trend lines help you determine the strength of that trend and where possible reversal points are.
Support and resistance are probably the easiest and most used form of technical analysis. If used correctly, traders can predict potential price movements of a particular stock or sector.