THE ESSENCE OF THE CONCEPT OF "TECHNICAL ANALYSIS" AND METHODS

It is substantiated the modern approaches to the disclosure of the essence of technical analysis as a method that allows the effective use of financial resources and focuses on changes in price dynamics in order to identify trends and predict the situation on the market are highlighted. It is noted that the prerequisite for the provision of profitable exchange activities is the analysis and forecasting of the situation on the stock market and financial markets. The importance of using technical analysis methods in forecasting the situation on the stock market and financial markets. It is proposed the concept of technical analysis as an economic, graphic-mathematical system of price and volume research, the open interest of market participants for prediction of market trends and the formation of an optimal trading strategy. The classification of the basic methods of technical analysis is presented and their features are revealed, namely: the main ones - which include the charts of dynamics of the price of assets, volume of trading, open interests; auxiliary – the dynamics of prices, the volume of trading, open interests, can be represented as the most acceptable for perception of the view of the diagram with a line, Japanese candles, bars, crosses-nulls; regularities - patterns, figures, which are indicators of changing market trends; algorithmic – moving average, Bollinger bands, moment, stochastic oscillator, relative strength index, Fibonacci levels, Elliot waves, Ghana lines, etc. It is established that the main purpose of trading in the stock market is to maximize profits, but this activity is associated with a constant financial risk that cannot be avoided, but only minimized and predicted in future