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 1: What is a Market Trend?

In general, a trend is the direction in which a market is moving. Trends can move upwards, downwards or sideways.

When there is no trend, prices remain relatively flat; profitable trading is not possible.

 

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