Chart patterns represent macro-psychology playing out over weeks or months. They are categorized by whether they point to a continuation or a reversal of the prior trend. Reversal Patterns
Technical analysis is based on the idea that market prices reflect all available information, and that by studying charts and other technical indicators, traders can gain an edge in predicting future price movements. This approach is often contrasted with fundamental analysis, which focuses on a company's financials and economic indicators to estimate its value. trading technical analysis masterclass pdf
Unlike simple moving averages, EMAs place a heavier mathematical weight on recent price data, making them highly responsive to sudden trend shifts. This approach is often contrasted with fundamental analysis,
Always aim for a minimum R:R ratio of 1:2. This means for every dollar risked, your profit target seeks to capture two dollars. This means for every dollar risked, your profit
The first chapter broke Leo’s habit of looking at jagged line charts. He learned to read Candlesticks Represented the battle between buyers and sellers.
A trading plan is your objective operational blueprint. It eliminates emotional decision-making during live market hours. Plan Checklist
Trend tells you where to go. Momentum tells you when .