Technical Analysis Level–1 (45 Hours) is a beginner-friendly course designed for anyone looking to understand market movements and build strong trading skills. This program introduces the core principles of chart reading, price action, trend analysis, and market psychology. Students learn how to interpret candlestick patterns, recognize support and resistance levels, and use essential technical indicators to identify potential trading opportunities.
The 45-hour curriculum is structured to help new traders develop confidence in analyzing financial markets, including stocks, forex, commodities, and indices. Through practical examples, charting exercises, and guided analysis, learners gain a clear understanding of how market trends form and how to use technical tools to make informed decisions.
Chapter 1: Advanced Technical Analysis
Introduction to Technical Analysis
1. Review of basic concepts
2. Importance of technical analysis in trading
Chart Patterns and Their Significance
1. Continuation patterns: flags, pennants, rectangles
2. Reversal patterns: head and shoulders, double/triple tops and bottoms
3. Triangles: symmetrical, ascending, descending
Advanced Indicators and Oscillators
1. Advanced Moving Averages (EMA, SMA, WMA)
2. Oscillators: Stochastic, Commodity Channel Index (CCI), Average Directional Index (ADX)
3. Volume indicators: On-Balance Volume (OBV), Volume Price Trend (VPT)
Combining Indicators for Strategy Development
1. Using multiple indicators for confirmation
2. Avoiding common pitfalls and false signals
Chapter 2: Price Action Trading
Introduction to Price Action
1. What is price action trading?
2. Importance of understanding market behaviour
Candlestick Patterns
1. Single candlestick patterns: doji, hammer, shooting star
2. Multiple candlestick patterns: engulfing, morning/evening star and many more...
Support and Resistance Levels
1. Identifying key levels on charts
2. Role of psychological levels in trading
3. Dynamic support and resistance (moving averages, trend lines)
Price Action Strategies
1. Breakout strategies
2. Pullback and retracement strategies
3. Trend-following vs. counter-trend strategies
Chapter 3: Harmonic Patterns
Introduction to Harmonic Trading
1. Basics of harmonic patterns
2. Importance of Fibonacci ratios in harmonic trading
Key Harmonic Patterns
1. Gartley pattern
2. Bat pattern
3. Butterfly pattern
4. Crab pattern
Identifying and Trading Harmonic Patterns
1. How to spot harmonic patterns on charts
2. Entry and exit strategies
3. Managing risk with harmonic patterns
Combining Harmonic Patterns with Other Analysis
1. Using harmonic patterns with support/resistance
2. Integrating harmonic patterns with other technical indicators
Chapter 4: Advanced Tools for Analysis
Market Sentiment Analysis
1.Using sentiment indicators (COT reports, sentiment indices)
2. Understanding market psychology
3. Integrating sentiment analysis with technical analysis
Chapter 5: Practical Application and Strategy Development
Building a Trading Plan
1. Setting trading goals
2. Developing a personal trading strategy
3. Importance of back-testing and forward testing
Risk Management Techniques
1. Advanced risk management strategies
2. Position sizing and leverage
3. Managing drawdowns and maximizing profits
Case Studies and Real-World Examples
1. Analyzing historical trades
2. Learning from successful and unsuccessful trades
3. Adapting strategies to changing market conditions
Chapter 6: Review and Assessment
Summary of Key Concepts
1. Recap of advanced technical analysis, price action, harmonic patterns
2. Overview of advanced tools for analysis
Q&A Session
1. Addressing student queries
2. Clarifying doubts
Assessment
1. Multiple choice test
2. Practical assignment
This course is ideal for beginners who want a solid foundation in trading, investors aiming to improve market timing, and professionals seeking to enhance their analytical skills. Technical Analysis Level–1 empowers you to approach the markets with clarity, discipline, and a data-driven mindset.