Technical analysis is a methodology used by traders and investors to forecast the future direction of financial markets by analyzing past market data, primarily price and volume. The components of technical analysis include various tools and techniques aimed at identifying trends, patterns, and market sentiment.

1. Charts: Charts are the foundation of technical analysis, displaying price and volume data over time. Common types of charts include line charts, bar charts, and candlestick charts.

2. Indicators: These are mathematical calculations applied to price and volume data to provide insights into market behavior. Examples include moving averages, oscillators like the Relative Strength Index (RSI), and momentum indicators such as the Moving Average Convergence Divergence (MACD).

3. Trend Lines: Trend lines are drawn on charts to identify the direction of a trend. They help traders recognize support and resistance levels and potential trend reversals.

4. Patterns: Technical analysts look for recurring patterns in price movements, such as triangles, head and shoulders, and double tops/bottoms. These patterns can indicate potential future price movements.

5. Volume Analysis: Volume analysis examines trading volume to assess the strength or weakness of a trend. High volume during price movements can confirm trends, while low volume may signal trend reversals.

By combining these components, technical analysts aim to make informed decisions about buying and selling financial assets based on historical price and volume data.