There are different ways for technical analysis; some traders make use of technical indicators such as MACD, STOCH, RSI, CCI, Bollinger Bands, Moving Averages, Parabola SAR etc. while others rely on Price Action strategy i.e. analyzing the price movement on naked chart.
In my opinion, the best way to conduct technical analysis is to use price action strategy along with 200 Simple Moving Average (SMA) and Relative Strength Index (RSI).
What is your opinion?
