The Basis of Technical Analysis
First Steps: Step 4 of 7

Technical analysis focuses on trend analysis and explains how basic trend-following techniques are used. 

Flip through the individual charts: 

       1. What is a Market Trend? 

  8. Trend Lines II 

       2. Trend Types 

  9. Trend Lines III 

       3. Classifying a Trend

  10. Trend Channels 

       4. Information About Trend Lines 

  11. Recognising Supports 

       5. Trend Analysis and Timing 

  12. Recognising Resistance

       6. Creating a Trend Line 

  13. 50% Retracements

       7. Trend Lines I

  14. 33% and 66% Retracements

Chart 3: Classifying a Trend

Every trend contains smaller or short and mid-term trends which, when taken together, form the main trend. To differentiate the smaller trends, traders classify them relative to their market position based on the main trend.

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