TTC – Everyday Engineering: Understanding the Marvels of Daily Life

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TTC – Everyday Engineering: Understanding the Marvels of Daily Life

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Description

Look around you. Great masterpieces of engineering are everywhere. As soon as you get out of bed in the morning, you are putting centuries of scientific and mechanical ingenuity to use. So familiar are these structures, inventions, and services that they are all but invisible. Yet they are just as remarkable as great works such as the Parthenon, the Eiffel Tower, and the Panama Canal.

What is Technical Analysis?

Technical analysis is a means of examining and predicting price movements in the financial markets, by using historical price charts and market statistics. It is based on the idea that if a trader can identify previous market patterns, they can form a fairly accurate prediction of future price trajectories.

It is one of the two major schools of market analysis, the other being fundamental analysis. Whereas fundamental analysis focuses on an asset’s ‘true value’, with the meaning of external factors and intrinsic value both considered, technical analysis is based purely on the price charts of an asset. It is solely the identification of patterns on a chart that is used to predict future movements.

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