The Technical Analysis course starts with the main concept and assumptions behind this technique. Performing technical analysis without charts is like playing basketball without a ball. So, next, we introduce the most common types of charts technical analysts use: line, bar, candlestick, and point and figure charts. Then, we examine some key price forecasting tools, such as trading volume and relative strength analysis, and specific mechanics applied when forecasting a security’s performance. You’ll learn the meaning of “trends” and some key concepts used by chart technicians, such as support and resistance levels. But of course, there’s more to technical analysis than that. The art of trade is in spotting patterns that aren’t obvious to all traders. To help you achieve this, our stock analysis course covers the two main types of patterns: reversal and continuation. We explain what technical analysts call “head and shoulders” and show you examples of “double tops” and “double bottoms” price patterns. We also explore common technical analysis indicators to help you grasp the practicalities. We start with price indicators, such as the moving average and Bollinger Bands, and continue with momentum oscillators, such as the relative strength index and the rate of change, Moving Average Convergence Divergence (MACD), and stochastic oscillators. Next, the Technical Analysis course covers several non-price-based indicators, such as the put/call and short interest ratios, frequently used by technical analysts to supplement chart analysis. Toward the end of the stock analysis course, we explore how technical analysts utilize cycles and the key tenants of Elliot Wave and Fibonacci numbers. Lastly, we look at the big picture and show you how technical analysts examine different asset classes and securities in parallel.