Question: a) Why are the basic elements of technical analysis important? Such as: -Basic concepts and postulates of Dow theory. -Types of charts -Trend levels -Bull

a) Why are the basic elements of technical analysis important? Such as: -Basic concepts and postulates of Dow theory. -Types of charts -Trend levels -Bull market and bear market -Supports and resistances -Volume b) Why they are so useful to determine the price trend of an asset as well as its future behavior over time?

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