Sometimes it sounds suspenseful and scary. There’s talk about a dead cat, a black swan, and a death cross. At other times, it sounds Einsteinian. There are EMAs, SMAs, and RSIs. There are Fibonacci levels, Elliot waves, and don’t forget about the Moving Average Convergence-Divergence (MACD). Pretty heady stuff. It can even sound poetic. “The trend is your friend. When in doubt, zoom out.” The “IT” I refer to is Technical Analysis (or what is commonly called TA). This tool in the toolbox of so many financial advisers is not…
A Deep Dive into Technical Analysis
