Hi Joe! Is there a difference between Technical Analysis and Chart Analysis?
Technical Analysis is a trading discipline employed to evaluate assets and identify trading opportunities by analyzing statistical trends gathered from trading activity, such as price movement and volume. Unlike fundamental analysts, who attempt to evaluate a security's intrinsic value, technical analysts focus on patterns of price movements, trading signals and various other analytical charting tools to evaluate a security's strength or weakness. Chart Analysis is part of Technical Analysis.
Most traders consider technical analysis to embrace the use of indicators. But, technical analysis also can be done with the use of charts, trendlines, speed lines, and chart patterns. Some indicators, like Andrews Pitchfork are part chart analysis and part indicator.
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