Revolution in trading: Dr. Esnaashari explains the secrets of technical analysis

Revolution in trading: Dr. Esnaashari explains the secrets of technical analysis

Dr. Hamed Esnaashari, a respected trader and doctor of medicine, has developed a trading system based on charting patterns and technical analysis. He is the founder and managing director of “Formationstrader GbR”, where he offers investment and trading coaching for private and institutional stock market participants. He publishes his daily market analysis on a YouTube channel and his homepage, with a focus on technical analysis, trading anatomy and stock market psychology. Esnaashari has also received several awards for his scientific work and is an author. He also runs the Hong Kong company “LTB Limited”, which provides innovative training materials for students and surgeons in training, using a specially developed curriculum.

Technical analysis, a central part of Esnaashari's trading strategy, examines past price movements to create price predictions. The aim of this analysis method is to estimate the probability of rising or falling prices. It is applicable to all assets, including stocks, currencies, indices and cryptocurrencies, and works on all time horizons. Financial radar emphasizes that it has universal applicability, but also has certain disadvantages such as possible false signals and the time required to learn the methods.

Important aspects of technical analysis

A key aspect of technical analysis is trends, which are divided into uptrends, downtrends and sideways trends. An uptrend is characterized by higher highs and higher lows, while a downtrend features lower highs and lower lows. Support and resistance levels also play a significant role, as supports are defined as zones above significant lows and resistances are defined as zones below significant highs. When resistances are exceeded, they can become supports and vice versa.

In addition to trends, various chart types are used, including line and candlestick charts. More complex formats such as Point & Figure or Renko Charts expand the analysis options and enable deeper insights into market movements. Chart patterns consisting of recurring price movements help traders predict future movements. Important patterns are divided into trend reversal and trend continuation formations, while candlestick patterns consisting of 2-5 candlesticks can provide indications of short-term movements.

Indicators and their application

Technical analysis uses various indicators to analyze past price movements. The most well-known include the RSI, MACD, moving average and the Bollinger Bands. These indicators support traders in risk management and help to better understand market behavior. Esnaashari has recognized the importance of these analysis methods and integrates them into his training to provide valuable insights to both beginners and advanced users.

The combination of Dr. Esnaashari's medical knowledge and trading expertise make him a unique financial mentor. Thanks to its in-depth analysis and application of technical aspects, investors can make informed decisions and better exploit market opportunities.