WHAT IS TECHNICAL ANALYSIS ? SUPPORT AND RESISTANCE

Technical Analysis is the ability to read market feedback from chart to understand what it is doing and what is want to do. Technical Analysis does not relay on any thing except what the market is actually telling you. We are looking the chart to understand what buyers and sellers are doing and waiting for it to show its hand. Indicator are not magic, automated trading algorithms and robots are not magic. If someone try to sell you a robot or a "Special" indicator or what ever fancy thing that can guarantee you results, that are lying. The market never stay the same so indicators that might do well in certain market conditions will fail in other market conditions. Let's say you are a boxer, your style of fighting might work on the first 3 - 4 fight, but event actually you will come across a fighter, who is very different, one you can not beat and your strategies don't work and you end up getting knockout. That is why fighter are constantly studying their opponent and adjusting their strategy accordingly. This is exactly like the market as they are ever changing. One size does not fit all. you can not just have a bunch of indicator and expect them to reply every single situation. This is reflective all things in life. You need to understand the environment, change and adapt and created a strategy to execute that works effectively in the desired situation.