Jethro's Braindump

Technical Analyses

The three tenets of technical analyses are:

Market action discounts everything

Anything that can possibly affect the price is reflected in the price of the market. Therefore all that is required is the study of price action.

This is the market equivalent of Newton’s first law: a trend in motion is more likely to continue than to reverse.

History repeats itself

Patterns that worked well in the past will continue to work well in the future.