This year, markets seem more baffling than ever, and sentiment has often created volatility that is out of proportion to fundamentals. Clients are turning to technical strategy in an effort to understand these movements.
Most technical strategy sites have a strong educational slant, trying to teach readers how to decipher the often arcane lexicon of resistances, support levels, trends, Elliott waves and Fibonacci sequences. Banks’ methods for doing this differ significantly from site to site.
The most obvious method is to use lots of heavily annotated graphs.
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