Support and resistance represent key junctures where the forces of supply and demand meet. In the financial markets, prices are driven by excessive supply (down) and demand (up). Supply is synonymous with bearish, bears and selling.
Candlestick chart of EURUSD A candlestick chart is a style of bar-chart used primarily to describe price movements of a security , derivative , or currency over time. It is a combination of a line-chart and a bar-chart, in that each bar represents the range of price movement over a given time interval. It is most often used in technical analysis of equity and currency price patterns.
In finance , technical analysis is a security analysis discipline used for forecasting the direction of prices through the study of past market data, primarily price and volume. [ 1 ] Behavioral economics and quantitative analysis use many of the same tools of technical analysis, [ 2 ] [ 3 ] [ 4 ] [ 5 ] which, being an aspect of active management , stands in contradiction to much of modern portfolio theory . The efficacy of both technical and fundamental analysis is disputed by the efficient-market hypothesis which states that stock market prices are essentially unpredictable. [ 6 ] [ edit ] History The principles of technical analysis are derived from hundreds of years of financial markets data. [ 7 ] Some aspects of technical analysis began to appear in Joseph de la Vega 's accounts of the Dutch markets in the 17th century.
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An exchange-traded fund ( ETF ) is an investment fund traded on stock exchanges , much like stocks . [ 1 ] An ETF holds assets such as stocks, commodities, or bonds, and trades close to its net asset value over the course of the trading day . Most ETFs track an index , such as a stock index or bond index . ETFs may be attractive as investments because of their low costs, tax efficiency , and stock-like features. [ 2 ] [ 3 ] ETFs are the most popular type of exchange-traded product . [ citation needed ] Only authorized participants , which are large broker-dealers that have entered into agreements with the ETF's distributor, actually buy or sell shares of an ETF directly from or to the ETF, and then only in creation units , which are large blocks of tens of thousands of ETF shares, usually exchanged in-kind with baskets of the underlying securities.