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Three broad categories of the technical analysisa.Line, Bar and Candlestickb.Primary, Secondary and Minorc.Trend, Area of Value, Entry Trigger

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Three broad categories of the technical analysisa.Line, Bar and Candlestickb.Primary, Secondary and Minorc.Trend, Area of Value, Entry Trigger

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The three broad categories of technical analysis are:

  1. Line, Bar, and Candlestick: These are types of charts used in technical analysis. A line chart connects closing prices over a specified period. A bar chart includes opening, high, low, and closing prices for a specific period. A candlestick chart provides the same information as a bar chart but in a graphical format that provides a more detailed and accurate representation of price movement.

  2. Primary, Secondary, and Minor: These are types of trends in technical analysis. A primary trend is the broadest, most overarching trend in the market, typically lasting a year or more. A secondary trend is a correction or retracement of the primary trend, typically lasting a few weeks to a few months. A minor trend is a short-term trend, typically lasting less than a month.

  3. Trend, Area of Value, Entry Trigger: These are components of a trading strategy in technical analysis. The trend is the general direction of the market. The area of value is a price level where traders find value in entering the market. The entry trigger is a specific event that signals it's time to enter a trade.

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