This course teaches the most essential knowledge of technical analysis. Without a strong foundation in the essential building blocks of charting, one risks building his trading campaign on a wrong footing.
Course Objectives
- Different types of charts
- Deeper understanding of Dow Theory
- Ability to analyse trends
- Using patterns to trade
Course Outline
Module 1: Types of Chart
- Line Charts
- Bar Charts
- Candlestick Charts
- Arithmetic Scale Chart
- Semi-Logarithmic Scale Chart
Module 2: Dow Theory
- Dow Theory Principles
- Concept of Confirmation
- Primary Trend
- Secondary Trend
- Minor Trend
Module 3: Trend Analysis
- Defining Trends
- Drawing Trend Lines
- Internal Trend Lines
- Trend Channel
- Trading Range
- Support
- Resistance
- Role Reversal
Module 4: Chart Patterns
- Gaps
- Triangles
- Rectangles
- Flags
- Pennants
- Wedges
- Tops and Bottoms
- Head-and-Shoulders
- Island Reversal