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Igor

Technical Analyst Definition

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Technical analysis involves the use of chart patterns, candlestick patterns, technical indicators and other chart information to make decisions on how to trade the market, and a trader who uses this method is a technical analyst. Technical analysts base their decisions on the theory that price action occurs in cycles and that a particular pattern of price action which produced a certain result several times in the past is likely to behave in the same way in the present time.

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