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A technical trader studies the charts and pattern formation for trade executions primarily based on price actions... Technical traders are mostly interested in special shapes 'M' and 'W' shapes, head and shoulders... And again, support & resistance levels, after all the most important thing is to know where/when to place a trade during the formation of those shapes... "Special tip" two things happen when the market gets to support/resistance, 'breaks through' or 'bounce back'... Under normal conditions, the market bounces back and retrace whereas under the influence of economic factors it breaks through... H1-H4 charts clearly display these aspects. Patience plays a major role when trading technicals otherwise panic will ruin perfect analysis...
By: D-DISH
