In this series, we will explore technical analysis (TA) as one of the methodology that is commonly used in market analysis. In TA, we will study the balance of demand and supply ratio and its strength using various tools available. One of the common pitfalls of newcomer in this field is that they either attempt to use a single tool in isolation or crowding their charts with too many tools. You heard the common sense phrases that things don’t exist in a vacuum and too many cooks spoilt the soup. All we need is the tools that are working for us.