All of the above strategies can be used effectively within the financial markets, so you can pick a form of technical analysis that is best suited to your trading plan and overall goals.
When it comes to trading risk management, this is another area where a combination of the technical and fundamental approach could work. Economic news may tell you that the market's attitude towards a certain financial asset is changing but it does not necessarily tell you when your view on the market is wrong. Using traditional chart points such as support and trend, for example, the fundamentally-biased trader can manage the risk on his revised market view if that proves ultimately to be incorrect.
It is maybe not too surprising then that there is no definitive answer for the best form of technical analysis, and the argument between the fundamental and technical approach is destined to rage on. However, there are plenty of different and profitable trading strategies out there – be they purely technical, fundamental or a mix of the two. It’s all about finding a methodology that fits with your own particular trading personality. Learn about the 7 most popular trading strategies and how to put them into practice.