George Davis, CMT 13 September 2011 Chief Technical Analyst RBC Dominion Securities Inc. +1 416 842 6633
[email protected] Glossary of Technical Analysis Terms Our Glossary of Technical Analysis Terms describes and illustrates some of the basic tenets of technical analysis. Many of these tenets are incorporated in the methodology that we use to analyze financial markets. As such, the Glossary is meant to serve as a handy reference guide for clients that can be kept in order to clarify the definition(s) of the terminology and technical concepts that we use in our research reports. “It follows then that if everything that affects market price is ultimately reflected in market price, then the study of that market price is all that is necessary.” “One of the great strengths of technical analysis is its adaptability to virtually any trading medium and time dimension.” John J. Murphy in Technical Analysis of the Futures Markets, pp. 3, 7, New York Institute of Finance, c.1986. Technical Analysis: An Alternative Approach to Market Forecasting Source: Tradermade International Ltd. See RBC’s research at www.rbcinsight.com. 13 September 2011 Glossary of Technical Analysis Terms Table of Contents Glossary of Technical Analysis Terms............................................. 1 Table of Contents ............................................................................... 2 Introduction ........................................................................................ 3 Types of Charts .................................................................................