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.