Technical analysis has always been looked upon as a rather complex and intricate discipline. On the one hand, the concepts that form the scaffolding for this study cannot be understood using common-sense and the terminology used sounds colourful but equally esoteric. Yet time and again, in hindsight and foresight too, technical analysis has proved its mettle, delivering good gains to those who apply it correctly. And to such people, no other form of analysis appeals as much anymore.
