Part 8 Technical Analysis – Breakouts

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Advanced Technical Analysis Video Course – 44 lesson

I would like to share a free video course about technical analysis here. There are 44 lessons in it. I have downloaded them from online site and converted to mp4 files. I add the torrent file and you can download it. The torrent file is in zip file

Module 1 Technical Analysis 101
Unit 1 What is Price Action? 8:24

Unit 2 The Important of Historic Support and Resistance 12:38

Unit 3 Understanding Trending and Ranging Markets 13:18

Unit 4 Learning to Understand Market Structure 7:41

Unit 5 Learning to Understand Price Dynamics 11:12

Unit 6 The Information Behind Candlesticks 8:49

Unit 7 How to Draw Levels, Trend Lines and Channels 11:31

Unit 8 Breakouts, Momentum and Volatility 7:23

Module 2 Candlestick Formations
Unit 1 Single Candlestick Formations 10:00

Unit 2 Double Candlestick Formations 5:03

Unit 3 Triple Candlestick Patterns 7:45

Module 3 Chart Patterns
Unit 1 Introduction to Chart Patterns 4:27

Unit 2 Basic Chart Patterns: Wedges, Triangles and Pennants 5:30

Unit 3 Double Top/Bottom and Head and Shoulders 8:00

Module 4 How to Trade Continuation and Reversal Patterns
Unit 1 How to Trade Head and Shoulder Chart Patterns 8:29

Unit 2 How to Trade Wedges (Continuation Patterns) 6:54

Unit 3 How to Trade Triangles (Breakouts) 6:54

Unit 4 How to Trade Double Bottom and Top Reversal Patterns 8:07

Unit 5 How to Trade Flags (Continuation Patterns) 5:59

Unit 6 How to Trade Bearish and Bullish Pennants 5:01

Module 5 Chart Analysis
Unit 1 Volume Spread Analysis

Unit 2 Support and Resistance: How to Find Trade Setups 9:59

Unit 3 Price Channels: Buy Dips and Sell Rallies 7:51

Unit 4 Directionality: Multiple Time-Frame Analysis 8:51

Unit 5 Finding and Trading Rejection Zones 8:27

Module 6 Trending Indicators
Unit 1 Moving Averages 6:12

Unit 2 How to Trade with Moving Averages 10:03

Unit 3 Parabolic SAR and Trade Setups 10:03

Unit 4 Andrew’s Pitchfork and Trade Setups 5:28

Module 7 Oscillators
Unit 1 Stochastic Oscillator and its Buy and Sell Signals 6:18

Unit 2 Bullish and Bearish Divergences: Reversal Patterns 6:33

Unit 3 The MACD and its Buy and Sell Signals 5:45

Unit 4 The RSI and its Buy and Sell Signals 5:47

Unit 5 Hidden Divergences: Continuation Patterns 6:42

Module 8 How to Trade Harmonic Pattersn
Unit 1 What are Harmonic Patterns 8:14

Unit 2 Fibonacci Ratios and Market Cycles 7:14

Unit 3 The Bearish and Bullish Crab 5:06

Unit 4 The Bearish and Bullish Butterfly Pattern 7:01

Unit 5 The Bearish and Bullish Gartley 7:10

Unit 6 Patterns within Patterns 6:12

Module 9 How to Put Everything Together
Unit 1 Using an Oscillator and Price Action to Trade 12:16

Unit 2 Trading Price Action (Support, Resistance and Trend Lines) 8:55

Unit 3 Using an Oscillator when Trading with Chart Patterns 6:03

Unit 4 Trading Strategy using Stochastics and 15/30 MA Crossover 7:30

lessons: 44
files: mp4
duration: 5:47:39

The Following User Says Thank You to Nicat Veli For This Useful Post:

wooo i am glad to know a good video like this, this video is really good videoo, and i love it, but the only that never discussed in that video is money management, any system in this world will always work if we still have the margin left,
and that’s really good for us to know about that, that’s why we need to use money management so we can win

The following 3 users say Thank You to AkuRapopo for this useful post.

Maybe according to the thread title. “Advanced technical analysis”. So the thread starter just share about technical analysis, video. nothing about money management. I found a lot of forex video tutorials on youtube. But maybe this video can not be found on youtube. I just curious about the content of this video.

The Following User Says Thank You to xanax For This Useful Post:

Yes brothers there is information only about Technical Analysis in these videos and they can not be found on youtube because İ have downloaded them from a website one by one. It took me about an hour to complete all videos. If you have any problem with torrent downloading please let me know.

The Following User Says Thank You to Nicat Veli For This Useful Post:

trading course using video tutorial is a great way especially during this time a lot of ways how to learn trading from the various activities we do therefore sometimes if we always learn trading then we will find its own way and develop well from various sectors

The Following User Says Thank You to mugiwara For This Useful Post:

you covered all most of all of basic knowledge and strategies into this video tutorials, and after to see all these videos my learning curve are going high because it is very easy method to understand all these topics which for sure will help us in future trading

I have problem with torrent downloading, please is there anything you can do to assist . I have desire for learning though I am not a newbie traders with my ten years of experience in forex trading, I have been able to know what works and what do not.There is no crime in reading what you know will add up to your knowledge and skills, that does not mean that you are jumping from one strategy to another, after all learning is a continuous process in forex trading

nice collection , I will watch some of these videos to see how it works, videos remains the concept of learning all traders prefer to use, you can learn from videos as you can but still need to read books to get real information about forex and trading.

Please could you tell me how this works ? i downloaded the file and i decompressed it and then i run the file without anything working.

———- Post added at 06:10 PM ———- Previous post was at 06:04 PM ———-

Please could you tell me how this works ? i downloaded the file and i decompressed it and then i run the file without anything working.

I would like to share a free video course about technical analysis here. There are 44 lessons in it. I have downloaded them from online site and converted to mp4 files. I add the torrent file and you can download it. The torrent file is in zip file

Module 1 Technical Analysis 101
Unit 1 What is Price Action? 8:24

Unit 2 The Important of Historic Support and Resistance 12:38

Unit 3 Understanding Trending and Ranging Markets 13:18

Unit 4 Learning to Understand Market Structure 7:41

Unit 5 Learning to Understand Price Dynamics 11:12

Unit 6 The Information Behind Candlesticks 8:49

Unit 7 How to Draw Levels, Trend Lines and Channels 11:31

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Unit 8 Breakouts, Momentum and Volatility 7:23

Module 2 Candlestick Formations
Unit 1 Single Candlestick Formations 10:00

Unit 2 Double Candlestick Formations 5:03

Unit 3 Triple Candlestick Patterns 7:45

Module 3 Chart Patterns
Unit 1 Introduction to Chart Patterns 4:27

Unit 2 Basic Chart Patterns: Wedges, Triangles and Pennants 5:30

Unit 3 Double Top/Bottom and Head and Shoulders 8:00

Module 4 How to Trade Continuation and Reversal Patterns
Unit 1 How to Trade Head and Shoulder Chart Patterns 8:29

Unit 2 How to Trade Wedges (Continuation Patterns) 6:54

Unit 3 How to Trade Triangles (Breakouts) 6:54

Unit 4 How to Trade Double Bottom and Top Reversal Patterns 8:07

Unit 5 How to Trade Flags (Continuation Patterns) 5:59

Unit 6 How to Trade Bearish and Bullish Pennants 5:01

Module 5 Chart Analysis
Unit 1 Volume Spread Analysis

Unit 2 Support and Resistance: How to Find Trade Setups 9:59

Unit 3 Price Channels: Buy Dips and Sell Rallies 7:51

Unit 4 Directionality: Multiple Time-Frame Analysis 8:51

Unit 5 Finding and Trading Rejection Zones 8:27

Module 6 Trending Indicators
Unit 1 Moving Averages 6:12

Unit 2 How to Trade with Moving Averages 10:03

Unit 3 Parabolic SAR and Trade Setups 10:03

Unit 4 Andrew’s Pitchfork and Trade Setups 5:28

Module 7 Oscillators
Unit 1 Stochastic Oscillator and its Buy and Sell Signals 6:18

Unit 2 Bullish and Bearish Divergences: Reversal Patterns 6:33

Unit 3 The MACD and its Buy and Sell Signals 5:45

Unit 4 The RSI and its Buy and Sell Signals 5:47

Unit 5 Hidden Divergences: Continuation Patterns 6:42

Module 8 How to Trade Harmonic Pattersn
Unit 1 What are Harmonic Patterns 8:14

Unit 2 Fibonacci Ratios and Market Cycles 7:14

Unit 3 The Bearish and Bullish Crab 5:06

Unit 4 The Bearish and Bullish Butterfly Pattern 7:01

Unit 5 The Bearish and Bullish Gartley 7:10

Unit 6 Patterns within Patterns 6:12

Module 9 How to Put Everything Together
Unit 1 Using an Oscillator and Price Action to Trade 12:16

Unit 2 Trading Price Action (Support, Resistance and Trend Lines) 8:55

Unit 3 Using an Oscillator when Trading with Chart Patterns 6:03

Unit 4 Trading Strategy using Stochastics and 15/30 MA Crossover 7:30

lessons: 44
files: mp4
duration: 5:47:39

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Advanced Technical Analysis

Course Overview

eduCBA brings you this Awesome course on Advanced Technical Analysis Training. This detailed course will help you understand all the important concepts and topics of Advanced Technical Analysis.

Advanced Technical Analysis Training Courses

Study the past to learn the future. That’s the basic idea behind the seemingly complex subject of technical analysis. Those in the profession are often called “chartists”, besides being more popularly known as technical analysts. They use mathematical and statistical formulas and data visualizations on the price movement for studying the performance of an asset class over time. They then advice on buy, sell, or hold recommendations, depending on history repeating itself. There are several technical analysis tools that can be used automatically, or in combination, to arrive at a supply-demand trading strategy.

The advanced technical analysis training course is designed for individual stocks, exchange traded funds, index futures, and similar other instruments for analyzing the market trends and behaviors so as to distinguish, classify, and properly time the trades. In this course you’ll learn how to determine a market’s overall direction and then take a call which is congruous to the market. Curriculum of the advanced technical analysis training course is focused on price-based technical analysis using major indices as forecasting instruments.

Valuation, Hadoop, Excel, Mobile Apps, Web Development & many more

There are a number of approaches to technical analyses. These include the Elliot wave theory, Dow Theory, cyclical analysis, Fibonacci analysis, and many others. The most popular methods are divided into two key branches, known as the statistical approach and chart analysis (commonly known as charting). With the chart analysis, the technical analyst tries to hunt for patterns forged by price movements of a particular stock and one that occurs repeatedly. Patterns like double bottoms or head and shoulders, for instance, are taken as typical chart patterns. When the technical analyst detects such a pattern, he/she executes a trade depending on the price direction expected to be followed, depending on the pattern.

The other branch, statistical analysis, is comprised mostly of research and use of many technical indicators. These are derived from the historical market data of the stock and are largely used to forecast changes or reversals regarding the strength of trend. Several of these statistical indicators project buy and sell points. There are various types of indicators, from simple ones like moving averages, to a more complicated one like the swing index, for which complex mathematical formula of several lines is used. Technical analysis monitors the price movement of the stock and may not recommend a buy or sell call. It’s the analyst who has to read into the analysis and decide.

What you’ll learn

Here are some of the key concepts you’ll learn in the advanced technical analysis training course.

  • In-depth introduction to advanced technical analysis along with its merits. Also, understanding trader psychology and how to trade successfully by forging the perfect blend.
  • The key traits required to become a seasoned technical trader along with the disciplines you have to adhere.
  • Understanding how to come up with a healthy trading psychology that has to be different from the crowd.
  • Principles of Dow Theory i.e. interpreting trends and then combining them with all support and resistance levels to sharpen the entry and exit signals for both positional and day trading.
  • Understanding chart patterns, the psychology that works behind a chart pattern and its formation, interpreting the patterns, the importance of volumes while using the patters, and finally, evolving a trading strategy that’s based on the patterns.
  • In-depth study of the moving average concept and the role it plays to determine the trade. Learning the multiple uses of moving averages at different time horizons for the trades.
  • Setting unconventional as well as classical indicators and their application towards positions, investments, and day trading.
  • Using Fibonacci to set price targets.
  • Trading in Futures and Options with a fundamental study of risk, reward, and timing related to the derivative-based trading approach.
  • Exposure to real life circumstances using mechanical systems along with technical analysis. You learn about running scans and stock picking on a real-time basis.
  • Money management and coming up with a mechanical trading system.

What is advanced technical analysis?

Simply put, advanced technical analysis is the study of investment behavior and the effect it has on price action of financial instruments. The key data we need to carry out our study include the price history of the stock or the particular financial instrument, along with the volume and time information. It helps us to form our views, depending on certain facts.

Technical analysis versus fundamental analysis

Fundamental analysis is concerned with determining the value of stocks and similar other trading and investment instruments. Fundamental analysts bother themselves with the complex relationships between demand forecast, financial statements, the quality of the management, growth and earnings, and similar factors. They would then apply their judgment on the stock or commodity, or the financial instrument, which is often relative to the sector or market peers to form a judgment whether it’s over or undervalued.

Most of the stock research carried out by investment banks or brokers are based or company fundamentals. At EduCba, we admire much of this work and take a more practical approach to investing and trading. We analyze the ways by which investors interpret fundamental data and how they behave. This behavior, collectively, is called investor sentiment. It’s often the key factor to determine the fair price of an instrument.

Technical analysis, on the other hand, holds the key to monitor investor sentiment. Many experts and investors believe that technical and fundamental analysis is exclusive of each other. But the fact is that both of them are actually complementary and works together and informs you what and when to sell or buy. Most successful traders use a combination of fundamental stock selection and technical analysis timing filters with profitable results.

It should be remembered that technical analysis, particularly chart reading, is highly subjective. The success is hugely dependent on the experience of the advisor or user. A more experienced analyst will be better equipped to determine the pattern of the price movement or a probable trend reversal. That’s one of the major reasons why most stock traders combine fundamental analysis with the technical part. In such cases, technical analysis is the most suitable to plan the buy and sell points for the positions. It makes the difference between the profit or loss derived from a stock, especially in Futures and Options trading.

Important points of technical analysis

Here are some of the main things we get from technical analysis.

  • Study of the price charts i.e. historical prices of a stock in conjunction with the present
  • Works best for stock that are traded in huge volumes.
  • Largely based on the law of demand and supply
  • Projects the mindset of a greater number of people

Course description

The advanced technical analysis course description is as follows.

  • Introduction: You are introduced to technical analysis concepts in this section.
  • Moving averages: This section is divided into six parts. You get to learn about the types of moving averages, time span, exponential moving average, the 100 day EMA chart, simple versus exponential moving average, and moving average settings.
  • Understanding momentum: Topics covered in this section include introduction to momentum principles, rate of change indicator, selection of the time span, interpretation of momentum characteristics, and oscillatory characteristics in the bull and bear markets.
  • Overbought and oversold: This section is divided into six parts. It includes understanding of the overbought and undersold region, overbought and oversold crossovers, mega overbought, oversold and extreme swings, simple and complex divergence, and smoothed momentum indicator.
  • Float and float turnover: This section is divided into 15 parts. Topics covered include introduction to float analysis, the float and float turnover, smart money and losing money scenario, importance of float analysis at the top and bottom, the principle of float analysis, 10 discoveries to understand float formation, inverted flag formation, understanding and profiting from the float turnover, redefining support and resistance, valid breakouts, successful strategies, playing the upside and downside, and float analysis formation.
  • The art of asset allocation: This is the last part of the curse. You’re introduced to the art of asset allocation, followed by the process, personal investment strategy, suggested allocation, and seven steps to plan your financial life.

Requirements

This is an expert level course and a bachelor’s or a master’s degree in a business major, like finance or economics is required to pursue it. Mathematics or statistics graduates are also eligible. Some firms require their technical analysts to be MBAs. Though it’s an expert-level course, it begins with the fundamentals of technical analysis, following which you’ll learn about the various advanced strategies. Every individual who wants to make a career out of the stock market can join this course. It’s open to working professionals, students, retired officers, housewives, novice traders, business personnel and any other interested person.

Technical analysts must have both analytical and critical thinking skills. They have to deal with the public in general and present strategies and financial data. They should have good communication skills. Those wanting to join the advanced technical analysis training course must have experience in working with electronic spreadsheets and analysis software. We recommend participants to take the technical analysis with iCharts training before joining this advanced course.

Target audience

The advanced technical analysis training course is targeted at the following.

  • Undergraduates who want to make a career in technical analysis.
  • Students wanting to seriously pursue technical analysis as a career.
  • Investors and traders who want to make money in the capital markets using advanced technical analysis.
  • Non-finance professionals and career changers who want to cultivate an extra area of proficiency or people seeking to change their career into stock trading.
  • Investment and treasury professionals working with banks or nonbanking financial institutions.

FAQs: Some general questions

  1. How can I take the course?

The entire course will be conducted online with video tutorials. There are more than seven hours of HD videos with over 38 lectures by expert faculty.

  1. Do you provide any placement services?

No. EduCba trains professionals to become leaders of the market. They emerge as experts in their own fields. Our trainees have reportedly got better job offers than others.

  1. Can I take a break from the course?

All our courses are self-study and you can take them at your convenience. But a long gap between two sections is not advisable because that disturbs the flow of learning.

  1. From where can I access the tutorials?

Since all our courses are conducted online, you can access them from all over the world. A computer and a broadband connection are all that you need.

Testimonials

Sudhindra Khaitan

“The advanced technical analysis course by EduCba really helped me to make a mark in by stock broking career. I can now advice my clients better on trading strategy.”

Pushpa Kedia

“I am a chartered accountant by profession. I would like to thank EduCba for all the quality technical analysis training they gave us. I got to know many important concepts that I couldn’t understand before.”

Sushil Ayyar

“EduCba doesn’t support the mugging up concept. You have to understand all the concepts and only then you can make a mark as a technical analyst. The course was very enjoyable.”

Pratik Poddar

“Thanks to EduCba, I am working as a technical analyst in a top broking firm. I got several job offers after I took the course. I joined it after completing the technical analysis with iCharts training course from EduCba.”

Career benefits

Some of the major career of the course is given below.

  • Know how to prepare for the trading day and according to market conditions
  • Identify the market moves before they take place
  • Pocket large one-three daily gains using the swing trading technique
  • Have control on your order flow and act like a market maker
  • Identify the correct trading style, develop it, and know how to adapt to the changing market conditions.
  • Master and operate a good and sophisticated trading platform with a technical analysis software which is used by professional traders.
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The Complete Guide to Technical Analysis Price Patterns

Table of Contents

What do Price and Chart Patterns Tell Us?

Technical Analysis Price Patterns make strange shapes and outlines in all markets. It may seem weird to the uninitiated that such shapes could have any value.
But the fact is that these patterns created by price action on market charts repeat themselves over and over again when certain interactions occur between market forces.
These patterns signal those market conditions where a statistical edge exists for a trader to take advantage of.
So, while they are not foolproof, price patterns do provide an edge that can be utilized over the long-term, which is how all successful Forex traders make their money and beat the market.

Trendlines in Technical Analysis

Trendlines are straight lines that trace the movements of the market. An uptrend is defined by higher highs and higher lows.
An uptrend line is drawn below the price levels to show the support levels or is drawn above price levels to show the resistance holding price down.

Downtrends occur when the market makes lower lows and lower highs. Downward trendlines drawn above the prices illustrate the resistance levels.
At least two points must be used to form the line. The more points that fit on the line, the more valid the trendline will typically be found to be.
A sideways market can also be illustrated by two parallel horizontal lines representing both the resistance and support of the range, respectively.

Candlesticks are composed of a part called the body, which represents the open and close of the price for that period.
Another part of the candle extends above and below the body representing the high and low for that period.
These long, thin projections are called shadows.
Sometimes, a period high or low will coincide with an open or closed, in which case there will be no shadow extending beyond the body.

Some may advocate the drawing of trendlines based on the shadows, but the fact remains that these shadows are outliers and the price action generally spends most of the time in the body of the candle.
When drawing trendlines, stick to the closing prices of the periods for the most part.

Continuation Patterns

Sometimes, during a trend, the prevailing movement pauses.
There are various logical reasons for this. As a rally continues, long buyers will start selling to take profits, creating selling pressure that drives price downward.
This selling pressure combined with buying pressure creates sideways price action.
Conversely, when a large downward motion will trigger short selling to cover creating buying pressure to counteract the downward trend. Market conditions occur constantly throughout all markets and create recurring patterns in the price chart.

Pennants pattern

A pennant is usually foreshadowed by a sharp rise in price. This almost completely vertical rise in price is called the flagpole or mast.
The two converging trendlines are a downward trendline representing the lower highs and an upward trendline representing the lower lows.
A pennant that follows a sharp downward move will tend to continue downward and be considered a bearish pennant, while a pennant forming after a sharp upward move will be considered a bullish pennant.
Pennants usually appear about halfway through the entire price move, so the move after the pennant is broken will typically be about the same magnitude as the mast.

bullish pennant pattern bearish pennant pattern

Flags pattern

Flags are composed of parallel trendlines that buck the current larger trend.
These can be upward trending, downward trending, or sideways. Unlike wedges (mentioned below), the trendlines do not converge.
Flags that slope upwards appear in a downward trending market, while downward-sloping flags will appear in an upward-trending market.
The trend will tend to continue after the flags have materialized and price progresses out of the pattern.

upward flag downward flag

Wedges pattern

Wedges are similar to pennants except that both trendlines are moving in the same direction.
Rising wedges tend to foreshadow upward breakouts while falling wedges give rise to both upward and downward breakouts.
This means that, particularly for falling wedges, confirmation should always be obtained before trading the breakout.

rising wedge falling wedge

Triangles pattern

One common chart pattern is the triangle. There are three types of triangles:

Symmetric Triangles pattern

Symmetric triangles are created when the line connecting the highs converges with the trendline connecting the lows to form a triangle.
those patterns are defined by a downward trendline and an upward trendline converging together.
Since both lines of the ascending triangle have essentially the same slope, the direction cannot be predicted.
With any likelihood, a breakout in one direction or the other is likely. But the direction of the triangle is not upward or downward, because the slope of both lines more or less mirrors each other.
This pattern suggests that the trend in place before the pattern formed will continue, once price breaks out of the triangle.

Symmetrical Triangle

Ascending Triangles pattern

An ascending triangle is formed by a flat line that comes with the highs staying at pretty much that same price, and a sharp upwards trendline that comes with the higher lows.
In other words, the highs will stay constant while the lows will rise.
This pattern suggests that buying pressure exceeds selling pressure, which will essentially result in a breakout to the upside.

Ascending Triangle

Descending Triangles pattern

Descending triangles are like upside-down ascending triangles. Instead of pointing upward, they point downward.
This pattern is caused by the flatness of the slope of the bottom trendline and the sharper downward slop of the top trendline.
This pattern suggests that sellers are overtaking the buyers and pushing prices downward.
This is a bearish continuation pattern that indicates a breakdown (downward breakout) once the pattern is broken.

descending triangle

Cup and Handles pattern

A cup and handle pattern is a bullish continuation pattern.
The pattern is defined by a U-shaped cup or bowl which then transitions into a downward trend, which is called the handle.
Cups with more of a U-shape give a stronger signal, while cups with a pronounced V-shape should be avoided.
The depth of the handle should not exceed beyond half the depth of the cup.

Cup and Handles

Reversal Patterns

Just as continuation patterns signal the continuation of a trend, reversal patterns signal the reversal of a trend.
While continuation patterns suggest that the market is pausing before another push in the same direction, a reversal pattern foreshadows that the trend has exhausted itself and the market is about to go in the opposite direction.

Head and Shoulders pattern

A Head and Shoulders pattern consists of a peak, following by a larger peak, following in turn by a peak of a similar size to the first.
This pattern suggests that the market is at a top and will turn in the other direction.

Head and Shoulders

Inverse Head and Shoulders pattern

The inverse head and shoulders pattern is simply an upside-down version of the same pattern.
That is, it is defined by a trough, following by a bigger trough, which is then followed by a trough of a similar size to that first trough.
This signals that a downtrend is about to turn up.

Inverse Head and Shoulders

Double Tops and Double Bottoms pattern

Double tops and double bottoms are shaped like Ms and Ws respectively and are a sign of price attempting to break through support or resistance and failing to do so.
They suggest that the price is unable to penetrate further and is about to move in the opposite direction.

Double Top double bottom

Triple Tops and Triple Bottoms pattern

These are a similar concept to double tops and double bottoms, but even more powerful because the price was denied the breakthrough three times instead of only two.
The more often a support or resistance level holds when being tested, the stronger than support or resistance level is.

Tripple Top Tripple Bottoms

price Gaps

Gaps occur in the Forex market when there is space between trading periods. Normally, the close of one chart period coincides with the open of the next.
Gaps are often seen in the market open after the weekend, but can also be seen when there is a significant rise or fall in price in a very short time.
Gaps can be classified into three types: breakaway gaps, runaway gaps, and exhaustion gaps.

Breakaway Gaps

Breakaway gaps occur at the start of a new trend. This usually happens when the instrument is in a sideways consolidation phase and some news event takes place.
Breakaway gaps can be considered a trend continuation gap due to the strength of the newly-formed trend.

Runaway Gaps

Runaway gaps are a trend continuation signal.
Trading runaway gaps for the continuation of the current trend is one of the safest of all trades and this safety can be enhanced by confirming with other signals.

Exhaustion Gaps

Exhaustion gaps occur at the end of a trend and signal that the trend is about to end or even reverse.
This pattern can be used as evidence that a trend is ending.
Positions trading with that trend should be evaluated in light of other signals that may suggest that the trend is reversing.

gaps

Candlesticks and Price Action


The relationships between the parts of candlesticks create regular patterns. Long shadows can indicate the rejection of a price move.

Pin Bars

A pin bar is a candlestick whose shadow is long on one side, and whose body is small and closes on the opposite side of the candlestick.
When a long shadow extends up from a small body, this is a bearish pin bar.
The long shadow at the top of the candlestick suggests that price attempted to move up and was rejected by the market as indicated by the close at the body of the candlestick near the bottom of the candlestick.

bearish pin bar

Hammer Candlesticks

When a long shadow extends down from a small body at the top of a candlestick, this is a bullish pin bar, also known as a hammer candlestick.
The logic here is the same as with the bearish bin par, only reversed.
Price was rejected at the long shadow end of the candlestick, suggesting that the market will continue moving away from it.

How to study technical Analysis Price Patterns professionally

Forums are one of the most popular places for sharing knowledge between people.
Sign in and follow opinion leaders and Take advantage of their experience and learn their ways of trading.

You can also find quite a few online courses but check carefully before you sign up, look for recommendations.

Of course, you can also learn independently with YouTube and the technical Analysis educational site.

But remember there is no substitute for experience, so be patient and use the Demo account to improve and practice in the technical analysis.

Conclusion for technical Analysis Price Patterns

Price patterns are quite logical when you learn them and understand what they can tell you about what is happening in the market.

It is not recommended to rely only on price patterns.
The right way to use price patterns, combined with price action, like support/resistance or supply/demand.

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