Trading Technical Analysis Masterclass Pdf |link|
I can build a customized or map out specific backtesting exercises for you. Share public link
Unlike fundamental analysis, which studies a company's financial health, technical analysis ignores the "what" and focuses entirely on the "how." It relies on the premise that all known information is already reflected in the price action. Why You Need a Masterclass PDF trading technical analysis masterclass pdf
Markets rarely move randomly. Instead, prices tend to follow identifiable trends — moving upward (bull markets), downward (bear markets), or sideways (consolidation). Once a trend is established, it is statistically more likely to continue than to reverse. The technical trader's primary job is to identify these trends early and trade in alignment with them until evidence suggests the trend has ended. I can build a customized or map out
are short-term continuation patterns that occur after a sharp price move (the flagpole). The consolidation period forms a small rectangle (flag) or small triangle (pennant) sloping against the prevailing trend. When price breaks out of the consolidation in the direction of the original trend, the pattern is confirmed, and traders expect the initial price move to continue. Instead, prices tend to follow identifiable trends —
Once a resistance level breaks convincingly, it flips to become a psychological support level. Conversely, broken support levels regularly turn into new resistance ceilings. 5. Chart Patterns and Geometry
Markets are not random; assets move in identifiable directions.
Calculates the average price over a specific number of periods evenly.