The Australian Stock Exchange - Essay Example

The example is given to clarify the different kinds of trends really work out; however, for providing more specific information the trends need to be mentioned. There are recognized patterns with charts that repeat themselves on a consistent basis. Technical analysts believe that prices trend. The third and final principle is stated and explained in full. The author could have stated some examples of the psychological mindset of the investors who, according to the analysts, repeat the history.

The detailed analysis of the first part, thus, makes clear that the work is directed towards the requirement of the questions. This is the first impression that comes to mind while analyzing the work. A close review of the second question before such an attempt in the answer is helpful in making the right analysis of the second part. Here it is clear that one needs to discuss three different types of charts used in technical analysis. It is equally important to note that the discussion is expected to differentiate between the charts selected, on the basis of specific points like different inputs used, types of decision making that arises from analysis, etc.

Now, to review the answer provided, it may be remarked that the introduction to the different charts tells about the range and variety of the charts used. The section discusses the three main types of charts as required. But it seems that it has completely ignored the second part of the question as it fails to identify the differences between the charts. No comparative analysis is also undertaken. The paper needs to include such an analysis that distinguishes between the three types of charts.

The candlestick chart is introduced and explained well. However, the another doesn't elaborate on the characteristic features of the chart that separates it from other types of charts. Such a comparative analysis would not only explain the chart better but also meet the requirements of the question as well. This particular observation is applicable to the rest of the charts too.