What method is used to evaluate and predict future price movements of financial instruments based on historical data?

Which type of chart represents each trading period with a single line connecting closing prices?

What is the purpose of the head and shoulders pattern in technical analysis?

What type of moving average gives more weight to recent prices?

What does the Relative Strength Index (RSI) measure?

What does an overbought condition indicate according to the RSI?

What is the MACD line based on in Moving Average Convergence Divergence (MACD)?

What do support and resistance levels help traders identify?

How can technical analysis contribute to a trader’s toolkit?

What is essential for mastering technical analysis?