Patterns that develop over a longer period of time tend to be more trustworthy, with higher price movements occurring when the pattern is broken. Consequently, a pattern noticed on a daily chart is anticipated to result in a higher price movement than the identical pattern observed on an intraday chart, such as a one-minute chart.
In an attempt to predict the future price of a security or market, technical analysis is one method used. The fundamental analysis and the technical analysis may be used in conjunction by some investors; for example, they may use the fundamental analysis to decide what to buy and the technical analysis to determine when to buy.
When it comes to analyzing financial markets, There are two main approaches to financial market analysis; fundamental and technical analysis. They are hotly debated topics. Proponents of either type of analysis frequently dismiss the alternative, but both have a place.