WHY DO TRENDS IN MARKETS FORM?
Technical analysis is often a misunderstood discipline, and even misrepresented by some of its biggest proponents. Technical analysis doesn’t so much drive the market (although there is an element of technically-driven trading occurring), but is a way to analyze market participants’ collective perception of the underlying fundamental drivers and catalysts, or fundamental theme when one develops. You can think of the primary tool of technical analysis, a chart,