Technical Analysis

Chart Reading Foundations

Read price action the way professional traders do. Trends, trendlines, levels, channels, zones, and the recognition reps that make your read trustworthy.

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StartLesson 1 · Candles vs. Line Charts

What you’ll leave with14 lessons · 12-line playbook

A candle shows four prices. The body shows who won the day, and the wicks show where price got pushed back.
Higher highs and higher lows mean up. Lower highs and lower lows mean down. Flat highs and lows mean a range.
Draw a trendline on the wicks of the swings. Two touches is a guess, three confirm it, and a body close through it ends it.
Support is where drops keep stopping. Resistance is where rallies keep stalling. The more times a level holds, the more it matters.
A break is a body close through a level. Wait for the retest: broken support turns into resistance, and broken resistance into support.
A channel is a trendline plus a parallel rail. Each rail is a trade, and a close outside it means redraw.
Mark levels as zones around the candle bodies. Act at a tight zone's edge, and wait inside a wide one.
Count the kinds of reason at a price: an old turn, a round number, a trendline. One is fragile. Three is strong.
A pullback holds above the last swing low. A reversal closes under it. A wick under it doesn't count, only a close.
A hammer or shooting star counts only on a level that's held before. Wait for the next candle, and put your stop past its wick.
Count pushes from the first low: one or two is early, three or four mid, five or more late. Early dips are the best bet.
Read the weekly for the trend, then the daily for the level and the entry. When they disagree, the weekly wins.

Chart Reading Foundations

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