From 37845ef750dacca5d8bfd3f08c0bf3e95795ea18 Mon Sep 17 00:00:00 2001
From: =?UTF-8?q?BT3GL=20/ba=C9=AAt=C9=A1=C9=9D=C9=AB/?=
<1130416+bt3gl@users.noreply.github.com>
Date: Sun, 5 Jun 2022 14:52:28 -0700
Subject: [PATCH] Update technical-analysis.md
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-## Technical analysis
+# Technical analysis
+
+
+
+## What's technical analysis
+
+* uses trading data to analyse and predict price patterns
+* gives us data points to compare and contrast
+* uses chart patterns, price data, trading volume and indicators
+* allows us to follow a systematic strategy that can be improved
+* cannot predict the future
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+## Candlestick charts
+
+* data rich trading analysis
+* time and price details
+* traders use candlestick chat patterns to antecipate the future
+* show market high and low for a given time period
+* each candle is a period in time
+* tells: open/close (body) high/low (wick) for a period of time
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+## Hammer pattern
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+* bullish pattern
+* sellers drove price lower during the day
+* buyers came in and the price finished higher
+* will continue tomorrow?
+* where are open, close, high, low?
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+## Shooting star pattern
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+* bearish pattern
+* buyers drove price high
+* sellers won and price fell lower
+* will this continue tomorrow?
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+## Bullish engulfing pattern
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+* bullish pattern
+* bullish candlestick "engulfed" the bearish candlestick
+* represents a strong reversal in the price action
+* will continue tomorrow?
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+## Bearish engulfing pattern
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+* bearish pattern
+* bearish candlestick engulfed the bullish candlestick
+* represents a string reversal in the price action
+* will continue tomorrow?
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