In the last couple of articles we have looked at price confirmation tools. This week, we are going to look at some of the more alternative concepts in technical analysis. There are some very strange and bizarre concepts out there – some that defy logic and are hard to digest. If they work for the user though, who am I to argue against them?!
To call the concepts that I am going to look at in this week article ‘alternative’ is a little unfair. I only class them as alternative, as they aren’t in my everyday world of technical analysis and trading. However, for some, these concepts are the life and soul of their trading and they would consider them to be ‘mainstream’. These alternative concepts can become a lifetime’s study. I would say, though, that they are more suitable for advanced or experienced users of technical analysis. A thorough understanding of technical analysis generally, will enable you to more easily understand these alternative concepts and deploy them in your analysis and trading.
The Development of Alternative Concepts
Technical analysis has evolved beyond comprehension in the last ten years and this is mostly due to the increased availability of sophisticated charting and IT…
Disclaimer: Please note all prices are for information only, they should not be relied upon for accuracy or trading. All prices quotes are based on CFD prices and are similar though not always identical to real exchange prices. STOCKTRKR or anybody connected with STOCKTRKR will not accept any liability for loss or damage arising from use of any information/commentary/charts or articles which is provided 'as is' for educational purposes only, nothing contained on this website should be considered as investment advice - please seek proper investment advice from registered financial broker or institution if you wish to trade on global markets and ensure you are familiar with the risks.
