Analysis
At ChartMaster, our technical analyses are based on proven analytical tools and strategies designed to provide clear and actionable insights into the markets. We use various methods to create informed and precise market analyses, focusing on the following key elements.
Trend Analysis
The trend is key to successful market analysis. We analyze the current market trend and identify both upward and downward movements. By determining the overall trend, we can better assess the likelihood of continuation or reversal of the movement. A clear trend helps us recognize the market direction and provides valuable clues for potential entry points.
Elliott Wave Theory
Another essential component of our analysis is Elliott Wave Theory, which is based on the idea that markets move in recurring patterns. The Elliott Waves consist of five impulse waves in the main trend direction and three corrective waves. This theory allows us to decode the market structure and predict in which phase the market is.
What is especially important in the Elliott Wave Theory is that we expect a corrective wave pattern at the end of the impulse waves when the market reaches its target zone. These corrective waves give us valuable insights into potential reversal points in the market.
Fibonacci Retracement
Fibonacci Retracement is another key tool in our analysis. Once we have identified a potential correction in the market, we use Fibonacci retracement levels to determine potential buy or sell areas. By utilizing Fibonacci levels, we can pinpoint precise pullbacks in the market and find the best time to enter or exit a trade.
In combination with the Elliott Waves, this creates a clear strategy: When the market reaches the target zone of the impulse waves and a correction starts, we use Fibonacci levels to check for optimal entry points for a buy or potential sell zone.
Supply and Demand Zones
Supply and Demand Zones play an important role in our analysis. These zones are areas where the market encounters strong demand or supply, creating potential reversal points. We identify these zones to understand where the market may find support or resistance, and we factor them into our analysis alongside Elliott Waves and Fibonacci retracements.
