Many people have been debating that technical analysis is just a journey into the occult where people are led to believe that this kind of tool to predict the outcome of a financial market is just plainly a fraud and very risky to follow. Some say that technical analysis is just speculation, a guess as you may want to call it.
However, there may be some facts that technical analysis may have some science mixed in it.
Understanding how technical analysis works can be easy. First of all, there are two kinds of analysis done in the financial market. The more accepted form of analysis is called fundamental analysis.
