You're struggling to explain technical analysis to non-tech executives. How can you simplify it for them?
Imagine you're a chef trying to explain the complexity of flavors to someone who's never cooked. That's a bit like discussing technical analysis with non-tech executives. Technical analysis is the culinary art of the financial world, where historical market data, primarily price and volume, are scrutinized to forecast future market behavior. It's not about understanding the intrinsic value of a company, but rather identifying patterns and trends that suggest what might happen next. Think of it as looking at the ripples on a pond to predict where the current will flow, rather than measuring the depth of the water.