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Possibility of profit attainment on financial markets with the help of technical analysis
Karshin, Alexey ; Džbánková, Zuzana (advisor) ; Smrčka, Luboš (referee)
My bachelor work is dedicated to technical analysis, it's goal is to determine if technical analysis could be relied on when trading on financial markets. The work is divided into thematic chapters, in which I analyze Dow Theory, created by Charles H. Dow, who is assumed to be the forefather of technical analysis, Elliott Wave Principle, created by Ralph Elliott, who also based his theory on watching market past, Fibonacci analysis, which helps to determine price target, and technical analysis patterns, which help to identify trend change. In the next part of my work I specify my trading strategy and analysis. Based on the market analysis I set trading orders and determine if one might rely on technical analysis.
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