Learn to read charts, identify patterns, and use indicators to make informed trading decisions.
Technical analysis is the study of price movements using charts. It helps traders identify patterns and predict future price directions based on historical data.
Support is a price level where buying pressure is strong enough to prevent further decline. Resistance is where selling pressure prevents further price increases.
Trend lines connect highs or lows to visualize market direction. Channels are parallel lines that contain price action within a defined range.
Moving averages smooth out price data to identify trends. They calculate the average price over a specific number of periods.
RSI measures momentum and identifies overbought/oversold conditions. MACD shows trend direction and momentum through signal line crossovers.
Japanese candlestick patterns provide visual cues about market sentiment and potential price reversals or continuations.
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