Master the basics of technical analysis with clear examples, chart reading, and first entry strategies.
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Master the basics of technical analysis with clear examples, chart reading, and first entry strategies.
Technical analysis is a way to study stock prices using past market data. This tutorial covers: - Trend identification: uptrend, downtrend, and sideways markets. - Support and resistance levels to find key price areas. - Basics of trendlines and chart structure. - Fibonacci retracement as a tool for measuring pullbacks. Start by learning how to read the chart itself. Candles show open, high, low, and close price. A series of higher highs and higher lows indicates a bullish trend, while lower lows and lower highs show a bearish trend.