Basic Technical Analysis

Basic Technical Analysis Online Course

Course Overview

This course delves into the essential concepts and tools of technical analysis, equipping aspiring traders with the knowledge to navigate and analyze financial markets effectively. It introduces the core principles of technical analysis, covering trend identification, support and resistance levels, indicators, patterns, and time frames. By understanding these techniques, traders can gain insights into market sentiment and make informed trading decisions.

Target Audience

This course is designed for individuals with a basic understanding of finance and trading concepts. It caters to beginners who are seeking to develop a strong foundation in technical analysis and apply its principles to various financial instruments, including stocks, commodities, currencies, and indices.

Course Objectives

Upon completion of this course, participants will be able to:

• Identify and analyze key technical indicators and oscillators.
• Recognize different chart patterns and their significance in price movement.
• Apply support and resistance levels to identify potential trading opportunities.
• Understand and interpret Fibonacci retracements, extensions, and projections for price-level identification.
• Differentiate between various trend types and their implications for trading decisions.
• Identify and interpret divergences between price and technical indicators.
• Implement effective breakout strategies based on price action and technical analysis.

Course Structure

The course is structured into comprehensive modules, each covering a specific aspect of technical analysis:

• Introduction to Technical Analysis Tools

  • Familiarize with technical analysis platforms like Trading View, MetaTrader 4, MetaTrader 5, and Rahvar 365.
  • Explore different chart types and their applications.
  • Understand the structure of candlestick charts and their significance in price analysis.
  • Learn about various time frames and their impact on technical analysis.

• Trends

  • Differentiate between uptrend, downtrend, and sideways trends.
  • Identify trend continuation and reversal patterns.
  • Understand the formation and significance of hidden trends.

• Identifying Pivot Points

  • Recognize different types of pivot points and their relevance in technical analysis.
  • Identify major and minor pivot points and their interpretation.

• Support and Resistance

  • Understand the concept of support and resistance levels and their formation.
  • Identify support and resistance lines on charts.
  • Differentiate between historical and psychological support and resistance.
  • Learn how to convert support to resistance and vice versa.

• Indicators and Oscillators

  • Introduce common technical indicators and oscillators, including RSI, MACD, Stochastic, CCI, MFI, Bollinger Bands, Volume, and Moving Averages (MA).
  • Understand the purpose and application of each indicator.
  • Interpret indicator signals and utilize them for trading decisions.

• Divergence

  • Recognize different types of divergences and their significance in identifying potential trend reversals.
  • Learn how to identify divergences on charts.

• Waves

  • Understand the Elliott Wave Theory and the structure of waves.
  • Apply wave theory to analyze price movement and identify potential trend reversals.

• Fibonacci

  • Grasp the Fibonacci retracement, extension, and projection levels and their application in price analysis.
  • Learn how price reacts to Fibonacci ratios and zones.
  • Identify the end of impulse and corrective waves using Fibonacci retracements.
  • Understand the concept of Fibonacci time and its application in technical analysis.

• Geometric Price Patterns

  • Recognize different types of geometric price patterns, including reversal patterns (head and shoulders, double and triple tops and bottoms, cup and handle) and continuation patterns (symmetrical triangle, ascending triangle, descending triangle, falling wedge, rising wedge, rectangle, flag).
  • Understand how these patterns are formed and their implication for price movement.

• Breakouts and Breakouts

  • Differentiate between various breakout types, including false breakouts and real breakouts.
  • Learn how to identify the main breakout from minor breakouts.
  • Utilize breakout strategies to enter and exit trading positions.

• Time Frames

  • Comprehend the concept of time frames and their impact on technical analysis.
  • Learn how to generalize time frames and apply them to different market conditions.
  • Understand basic topics related to time analysis.

Course Concluding Module

The course concludes with a comprehensive summary of all the key concepts covered, emphasizing the essential do’s and don’ts of technical analysis. Additionally, practical exercises are incorporated throughout the course to reinforce theoretical

This post is also available in: Spanish