The basics of reading charts

摘要

Technical analysis has undergone a renaissance of sorts over the last few years. Whereas technical analysts were once seen as little more than soothsayers trying to divine information from charts, modern traders now are looking to charts to find any edge they can get. The expansion of more short-term, day and intraday strategies have made technical analysis a more efficient way to analyze the markets. Add to that the very size of the traders who utilize this approach, and every trader needs to understand the technicals because its practitioners have grown to a size where they can become a fundamental that needs to be watched.