The complete foundation of technical analysis
Technical analysi, Forex, Cryptocurrency, Stock market, Trader, Price action
The complete foundation of technical analysis free download
Technical analysi, Forex, Cryptocurrency, Stock market, Trader, Price action
In this course you will learn everything you need to know to start Trading the Forex Market right now!
This is not just a theoretical course, there is LIVE Trading Included (where we show you how to use the information learned to Trade Live in Real Time).
In This course we will cover beginner and Intermediary level information to get you on the right path to becoming a successful and a consistently profitable Trader. On top of all the material thought we will be giving you our personal tricks, techniques and views on the Forex market that have tremendously fast-tracked our success.
You will also become an expert in Chart reading! This means you will know how to spot the best Chart Patterns and Candlestick Patterns as well as use the best Technical Indicators in order to buy and sell at optimal locations.
By this cource you will know about all price action theories including Allbrooks,RTM,ICT,Lance and etc.
Price action refers to the movement of an asset's price over time, and it is a key concept in technical analysis. Traders use price action to identify potential trading opportunities without relying heavily on indicators. The types of price action patterns and behaviors can be categorized as follows:
1. Trend Types
Price action can show trends that help traders understand the direction of the market.
a. Uptrend
Higher highs (HH) and higher lows (HL).
Indicates bullish sentiment.
Example: Consistent upward movement of price on a chart.
b. Downtrend
Lower highs (LH) and lower lows (LL).
Indicates bearish sentiment.
Example: Consistent downward movement of price.
c. Sideways or Range-Bound
Prices oscillate between horizontal support and resistance levels.
Indicates a lack of strong directional movement.
2. Candlestick Patterns
These patterns represent specific formations on price charts formed by a series of candles.
a. Reversal Patterns
Hammer: Bullish reversal pattern, with a small body and long lower wick.
Shooting Star: Bearish reversal pattern, with a small body and long upper wick.
Engulfing Patterns: Bullish or bearish, where one candle engulfs the previous one.
Doji: Indicates indecision or potential reversal.
b. Continuation Patterns
Marubozu: A strong continuation candle with no wicks, indicating solid momentum.
Three White Soldiers: Bullish continuation over three consecutive candles.
Three Black Crows: Bearish continuation over three consecutive candles.
3. Support and Resistance Behavior
Breakout: When the price moves beyond a key level of support or resistance.
Retest: When the price revisits a broken level, confirming it as support or resistance.
Rejection: When the price fails to break a level and reverses direction.
4. Chart Patterns
Larger structures formed by price action over time.
a. Reversal Patterns
Head and Shoulders: Bearish reversal pattern.
Double Top/Double Bottom: Indicates a potential change in direction.
Rising/Falling Wedge: Signals a reversal after a converging price range.
b. Continuation Patterns
Triangles: Ascending, descending, or symmetrical.
Flags and Pennants: Indicate temporary consolidation before continuation.
Cup and Handle: Bullish continuation with a rounded bottom.
5. Volatility-Based Patterns
Inside Bars: A candle that forms within the high and low of the previous candle, indicating consolidation.
Outside Bars: A candle that engulfs the high and low of the previous candle, showing high volatility.
Pin Bars: Candles with long wicks, indicating rejection of a price level.
6. Psychological Levels
Round Numbers: Levels like $50, $100, or 10,000 on indexes.
Fibonacci Levels: Retracement and extension levels used for identifying potential support or resistance.
7. Gap Analysis
Occurs when there is a price difference between two trading periods.
Breakaway Gaps: Indicate the start of a new trend.
Continuation Gaps: Appear during strong trends.
Exhaustion Gaps: Signal the end of a trend.
8. Momentum Behavior
Price action can reveal shifts in momentum:
Strong momentum: Long, consistent candles in one direction.
Weak momentum: Short candles with wicks or choppy price movement.
By analyzing these types of price action behaviors, traders aim to make informed decisions about potential entry and exit points in the market.
Nothing is kept secret. I reveal all I know... new lectures will be added to the course constantly - at no extra cost to you! This is a course that will continue to grow and grow.
Learn everything you need to know to start Trading on the every Market today!
