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Are we in a recession? The answer may surprise you

Are we in a recession? The answer may surprise you

People may panic when the times are bad, but things like a long-term strategy and cash on hand can prevent people from behaving irrationally.

Chart typology

Price charts are the most important tool for technicians. There are three main types of charts and each has its advantages and disadvantages. Charts are used to analyze the historical price movement and can be combined with other tools such as various technical indicators and oscillators. Nowadays most charting platforms offer this feature alongside different graphical formations that can be drawn on price charts. These are for example trend lines, horizontal and vertical lines and many other formations that can help in analyzing the market.

Where to draw support and resistance levels on a chart?

Support and resistance levels are widely used in technical analysis to find prices at which the instrument is considered either overbought or oversold resulting in potential change of trend.