RSONALLY USE THE SITEWWW.TRADINGVIEW.

COM  TO GRAPH AND

A N A L Y Z E ,   Y O U M A Y U S E WH I C H E V E R P L A T F O R M Y O U P E R F E R , I T
MAKES NO DIFFERENCE.   
WE WILL LEARN HOW TO GRAPH USING 3 SIMPLE TOOLS
LEARN TO DRAW LEVELS OF SUPPORT AND RESISTANCE

HOW TO SPOT A TREND AND GRAPH TRENDLINES

ABOVE WE CAN SEE A PERFECT EXAMPLE OF A "DOWN TREND"
CORRECTLY GRAPHED
NOW LETS COMBINE BOTH SUPPORT AND RESISTANCE LEVELS
AND TREND LINES ON OUR CH ART
 THIS HELPS US ACHIVE A GREATER  UNDERSTANDING OF BASIC
MARKET STRUCTURE
NOW THAT WE HAVE AN UNDERSTANDING OF PROPERLY GRAPHING
OUR CHART, LETS MOVE ONTO THE SOME RULES WHEN USING
TECHNICAL ANALYSIS.
CANDLE STICK PATTERNS
 "RAIL ROAD TRACK" CANDLESTICK PATTERN
TRENDLINES AND LEVELS CAN BE BROKEN, BUT STILL VALID AS LONG
AS PRICE FORMS ONE OF THE PATTERNS SEEN BELOW AS IT BREAKS
OUT OF THE TRENDLINE / LEVEL.
 CANDLESTICK "WICK" PATTERN
CANDLESTICK "STAR" FORMATION  PATTERN
 TRENDS
3 MAIN TREND TYPES & THEIR CHARACTERISTICS  
UP TRENDS
CHARACTERISTICS OF AN UPTREND ARE HIGHER HIGHS AND HIGHER
LOWS LIKE THE IMAGE ABOVE
DOWN TRENDS
CHARACTERISTICS OF AN DOWN TREND ARE LOWER
HIGHS AND LOWER LOWS LIKE THE IMAGE ABOVE
SIDEWAY TREND
CHARACTERISTICS OF A SIDEWAY TREND IS
PRICE R E J E C T I N G   B E T W E E N T H E S A M E S U P P O R T A N D
RESISTANCE ZONES FOR EXTENDED PERIODS OF TIME
~UP TRENDS ~ DOWN TRENDS ~ SIDEWAY TRENDS~
GENERAL RULES ON TREND TRADING
NEVER TRADE AGAINST THE TREND
I D E N T I F Y TH E T R E N D T Y P E
HOW DO WE DO THIS?
IDENTIFY THE TREND ON A HIGHER TIMEFRAME
T R A D E W I TH T H E T R E N D
 IN AN UPTREND, WE WOULD BUY AT THE HIGHER LOW AND TAKE
PROFIT NEAR THE HIGHER HIGH.
THIS IS AN EXAMPLE OF TRADING "WITH THE TREND".  
W H Y D O W E T R A D E WI T H T H E T R E N D ? ,

T R A D I N G W I TH T H E T R E N D I S M U C H L E S S R I S K Y A N D A L S O TH E
S T R O N G E R T H E T R E N D , T H E H I G H E R P R O B A B I L I T Y T H A T I T WI L L
C O N T I N U E I N I T S P R O J E C T E D D I R E C T I O N . I N O TH E R WO R D S , T R E N D S
AT HIGHER TIMEFRAMES ARE MUCH STRONGER THAN TRENDS AT
SMALLER TIMEFRAMES.  
PATTERNS
BASIC RECOGNIZED TECHNICAL ANALYSIS PATTERNS
WE  MUST LEARN THE BASIC TECHNICAL ANALYSIS SETUPS
& PATTERNS TO UNDERSTAND IN FUTURE LESSONS HOW THE "MARKET
M A K E R " U S E S TH E S E S A M E S E T U P S T O   H I S A D V A N T A G E !   L E A R N H O W
TO NOT GET CAUGHT IN HIS TRAPS!
HEAD AND SHOULDERS PATTERNS
NORMAL HEAD AND SHOULDERS
INVERSE HEAD AND SHOULDERS
WEDGE PATTERNS
 WEDGE PATTERN FORMATIONS ARE EXTREMELY LIKELY TO BREAK
OUT AT THE POINT OF THE WEDGE, RETAIL TRADERS LIKE TO TRADE
THIS BREAKOUT.
T H E S E   W E D G E     P A T T E R N S C A N FO R M O N A N Y T I M E F R A M E , T H E
H I G H E R T H E T I M E F R A M E , T H E M O R E P O T E N T I A L FO R A L A R G E R
BREAKOUT.
AS WE GO OVER THESE PATTERNS PLEASE REALIZE THAT THIS IS HOW
" R E T A I L T R A D E R S " T R A D E TH E S E P A T T E R N S . T H I S I S N O T   H O W W E
WILL BE TRADING THEM