When markets are volatile, using historical data in technical analysis can provide valuable insights and guide your decisions. Here's how to do it:

• Identify patterns: Look for recurring trends and patterns that have historically indicated market shifts.

• Use key indicators: Rely on moving averages, Relative Strength Index \(RSI\), and other technical indicators to assess current conditions.

• Backtest strategies: Test your trading strategies against historical data to evaluate their effectiveness.

How do you incorporate historical data into your market analysis? Share your thoughts.