Technical analysis involves the use of charting, indicators and numerical/data-based information. It’s really important to learn about this area.
By understanding it, you will avoid misusing different indicators and strategies.
You will also be able to build a picture of what all the other traders are doing.
After all, you don’t want to be on the wrong side of a price move. You want to move with the pack.
Level 1 Technical Analysis
Level 1 technical analysis refers to the level of information. Not necessarily the difficulty. Level 1 is anything chart related, information that everyone can see.
TradingView is the most useful tool in your level 1 technical analysis arsenal. You can get a pretty big discount in the deal section too!
The price chart tells us more than meets the eye. So lets breakdown candlesticks, how to read them, and also Heikin-ashi charts.
- Drawing Trend lines
- Drawing support & resistance lines
- Lagging indicators 101
- Leading indicators 101
- Moving averages 101
- MACD 101
- RSI 101
ADX 101 Stoch RSI 101 OBV 101 ATR 101 Ichimoku 101