Technical analysis study the behaviour of market participants, reflected in price and volume for a financial market, in order to identify different stages (phases) in the development of price movements such as trends, overbought / oversold levels, exhaustion, turning points, reversals, etc.

Technical analysis is not concerned with the value or valuation of a financial instrument, but with how the supply and demand forces have an impact on price.

Technical analysis is relevant to all financial markets and all time-frames.

As part of the decision-making process, technical analysis will use primarily:

Technical analysis tells us when trends as reflection of price action, begins, changes and ends, based on supply and demand.

As opposed to Technical analysis, other type of analysis use primarily valuation and try to determine the intrinsic value of a financial instrument. Such analysis is known as Fundamental analysis.