Foundations of Technical Analysis
Technical analysis rests on three principles: price discounts everything, price moves in trends, and history repeats. Learn chart types: line (overview), bar (OHLC), and candlestick (most informative). Master support and resistance — levels where buyers and sellers concentrate.
The more times price tests a level, the more significant it becomes. Broken resistance becomes support and vice versa — a principle underlying many profitable strategies.
Essential Indicators
Start with three: MA 200 for long-term trend, RSI for overbought/oversold zones, MACD for entry timing. This trio covers 80% of beginner needs without cluttering the chart.
The learning module in MakeTrades features interactive technical analysis courses for all levels.
