In the world of stock analysis, fundamental and technical analysis are on completely opposite sides of the spectrum. Earnings, expenses, assets and liabilities are all important characteristics to fundamental analysts, whereas technical analysts could not care less about these numbers and only focus on price and volume.
But with the advancement of technology and the increased popularity of technical analysis, the use of charts has greatly increased, making them one of, if not the most important tools used by technical traders.
This is one of the best books of Martin J. Pring. It has lots of reading material about Technical Analysis most notably about candlesticks, momentum and volume based indicators. The new editiion of this book now comes with the psychological aspects of trading and investing.
Seasoned technicians will discover how joining Japanese candlesticks with other technical tools can create a powerful synergy of techniques; amateurs will find out how effective candlestick charts are as a stand-alone charting method.
The Elliot Wave Principle is mostly used by technical analysts in determining the future price movements of stocks, bonds, and commodities. Basically, the Elliot Wave states that future prices can be forecasted in smaller waves or patterns.