Introduction

Chapter I: Trends
1.1 Different trend patterns
1.2 The bullish and the bearish trend
1.3 Trendline

Chapter II: Resistance — support
2.1 When will they work ?
2.2 When will resistance — support not work?
2.3 How to correctly identify support resistance

Chapter III: Price Model
3.1 Head and shoulders pattern
Head and shoulders pattern (cont.): Identify the pattern
3.3 Triangular models
3.4 Top / bottom models
3.5 Key reversal models

Conclusion

Let’s start!

Introduction

There is a principle in technical analysis that is: Price reflects all, so reading the price action will provide a huge advantage for traders. In order to get straight to the point, even if the newcomers do not take too much time to grasp the knowledge they convey, the terms used are also fairly straightforward. The most obvious way to keep track.

Part I: Trends

1.1 Different trend patterns

The least experienced trader understands that price actions or daily fluctuations are extremely difficult to predict. Although in the long term the price is usually driven by fundamentals, but in the short term the price depends on the money flow and the positions are open so it depends very little on the news. basic. And to capture these volatility, traders have learned to use lines defined on the turbulence of price, which is the “trendline”.
These lines are easy to identify (not to mention the accuracy when it reacts to prices) because trader only needs to specify at least 2 points on the chart that has a trendline.