Module 2
Technical Analysis Foundations
The classic toolkit every chart-based approach builds on: candlesticks, support and resistance, trends, patterns and the indicators most traders keep on screen.
- 1
Candlesticks
Reading open, high, low and close from a single candle, and what the body and wicks tell you.
- 2
Candle patterns
Engulfing, pin bars, inside bars and other multi-candle patterns, and the context they need to work.
- 3
Support and resistance
Drawing levels that matter, why they hold, and why they break.
- 4
Trends and channels
Identifying a trend, drawing trendlines and channels, and spotting when a trend is tiring.
- 5
Chart patterns
Head and shoulders, double tops and bottoms, triangles and flags, with realistic targets.
- 6
Volume
What volume shows in centralised markets, and why it is unreliable in spot forex.
- 7
Moving averages
Simple and exponential averages, crossovers, and using them as dynamic support and resistance.
- 8
RSI, MACD and Stochastic
The main momentum oscillators, divergence, and the traps of overbought and oversold.
- 9
Fibonacci
Retracements and extensions, the levels traders watch, and how to anchor them consistently.
- 10
Multi-timeframe analysis
Using a higher timeframe for direction and a lower one for entries without getting conflicting signals.