Technical Analysis
Support, resistance, trend and indicators — what each one is actually measuring, what it cannot tell you, and how to avoid the most common way people misuse them.
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Technical analysis is a way of organising a price record. It is not a forecasting engine, and the moment it is treated as one, it stops being useful and starts being expensive.
This course teaches the common tools by explaining what each one computes. Once you know what an indicator is arithmetically, most of the mystique falls away — and so does most of the misuse.
What you will learn
- Identify support and resistance as zones of behaviour rather than exact lines
- Describe what a moving average does and does not say about trend
- Explain why every indicator is a transformation of price and what that implies about lag
- Recognise curve-fitting in your own chart reading
- Treat a chart pattern as context and a place to be wrong, not as a prediction
- Explain what volume does and does not confirm, and why it is venue-specific
Prerequisites
- Trading Foundations
Course contents
Module 1 — Levels and trend
The two ideas most technical analysis is built on.
Support and Resistance
Support and resistance are zones where past participants transacted heavily enough to leave behind pending decisions. They describe where reactions have occurred — not where they must occur again.
8 min read
Trend and Moving Averages
A moving average is the mean of the last N closes, plotted forward. It smooths noise and it lags — those are the same property, not a benefit and a drawback.
8 min read
Module 2 — Indicators
What they compute, and what they cannot know.
Indicators and Their Limits
Every indicator is a transformation of price and volume you already have. It adds no information — it only re-presents existing information in a form that is easier to read, and easier to over-read.
8 min read
Module 3 — Reading more than price
Patterns, volume and momentum — what each one adds, and what it quietly assumes.
Chart Patterns and What They Are Not
A chart pattern is a name given to a shape in past price. The name describes what already happened. It carries no probability about what happens next, and the statistics attached to patterns rarely survive contact with how they were collected.
8 min read
Volume and What It Confirms
Volume counts how much traded on one venue over one interval. It is a measure of participation, not of direction or conviction, and because it is venue-specific it cannot be compared across exchanges or summed into one honest number.
9 min read
Oscillators, Momentum and Divergence
An oscillator rescales recent price into a bounded number. "Overbought" is a statement about that scale, not about value, and divergence can persist for the entire length of a strong trend — both facts follow directly from how the calculation is built.
9 min read