Technical analysis

This track teaches technical analysis for beginners: how to read a chart as a map of price structure rather than as a prophecy. A shared language — candles, zones, trend, patterns, indicators — is useful on forex, stocks, crypto and futures. Instruments and costs differ; the logic of invalidating a hypothesis does not.

The most common beginner mistake is the UFO cockpit: ten oscillators, zero stop plan. Here we reverse the priorities. First price structure and the condition that invalidates the setup, then perhaps moving averages, RSI or MACD as context. The exercises require you to record trades in R — without that, technical analysis becomes a story told after the fact. The goal is not a collection of signals, but discipline in describing the market before you take a position.

The material is educational and does not constitute investment advice. A chart does not guarantee direction; it helps you define where your hypothesis stops being valid. If you cannot name the invalidation, you do not have a setup — you have an opinion.

Who this is for

For people who have finished the market foundations and want to read price instead of collecting indicators. Also useful if you see patterns everywhere but cannot say where a trade becomes invalid. This is not a course of a hundred setups — the goal is a shared chart language and clear invalidation.

It also suits someone returning to charts after a break: you will refresh the definitions of trend, range and zones before trading live again. If you still confuse orders and costs, go back to the foundations first, because technical analysis without costs is an illusion. The track also helps swing traders who want one timeframe and one language of description instead of jumping between timeframes every hour.

What you will learn

• How a chart works: time scale, OHLC, session context
• How to read Japanese candlesticks without the mythology of certain signals
• Where to draw support and resistance as zones, not magic lines
• How to tell a trend from a range and when not to force a direction
• Chart patterns as hypotheses with an invalidation condition
• MA, RSI and MACD as context, not an automatic system
• Why every setup should have a stop expressed in R
• How to practise on one market and one timeframe without tool chaos

Prerequisites

Start with Market foundations. Without an understanding of orders, spread and leverage, technical analysis easily becomes a narrative detached from costs. If you do not know how a limit order differs from a market order, go back to the foundations before drawing zones.

Practise on one market and one timeframe for a week. After each lesson, take a screenshot and write down the entry, the invalidation and the target in R. Without that, TA remains decoration. Do not change the timeframe every hour — master one language of description first.

Glossary

• Trend
• Range
• Support and resistance
• Pattern
• RSI

FAQ

Does technical analysis predict the future?

No. It describes price structure and helps you define risk. The market can break any zone — which is why the stop and the size are part of the analysis, not an add-on. Treat the chart as a map of a hypothesis, not as an oracle.

How many indicators do I need to start?

Not many. Price, structure and zones come first. Add MA, RSI and MACD only once you can name the trend and the invalidation without them. More indicators without a plan usually add noise, not edge.

Does TA work on the GPW the same way as on forex?

The logic of structure is similar; liquidity, sessions and costs differ. Master the chart language first, then adapt it to a specific market. A setup without execution costs is just a nice picture.