Introduction to Technical Analysis

In addition to your class tuition and study materials, you will receive the following:


Complimentary e-learning module
Case Study

• The course is structured around recent technical analysis sheets demonstrating real-life applications of technical analysis.
• Extant charts on major indices, stocks, currencies or derivatives are examined to determine what trends may currently be in place.

Exercises

• Delegates are asked to use the same data to construct different charts

Other Extras

• Certificate of attendance

Level: Introductory


Synopsis:
What is the rationale for Technical Analysis? How do I identify common patterns used by analysts in the marketplace? These questions and more will be answered using up to date examples illustrating the world of the chartist.


At the end of the course participants will be able to: Understand the main types of oscillators . Know the significance of volume and open interest . Understand Fibonacci ratios . Recognise continuation patterns . Be able to draw and recognise the different chart types . Recognise reversal patterns . Understand support, resistance and trendlines . Know the basic tenets of TA . Know the roots and history of TA .


Prerequisites:
None


Suitable For:
An investment bank employee wanting to understand daily TA sheets from the in- house analyst to private investors wishing to find out if TA is for them.


The technical approach

• The fundamentals of technical analysis
• EMH vs. Fundamental vs. technical analysis
• Assumptions of technical analysis

Charts

• Bar charts
• Candlestick charts
• Point and figure charts

Trends

• Timescales
• Psychology of support levels
• Psychology of resistance levels
• Significant aspects of support and resistance
• Reversals
• Trend lines
• Volume
• OBV
• Fibonacci ratios as support and resistance

Reversal patterns

• Head and shoulders
• Double tops and bottoms
• Symmetrical triangles
• Ascending and descending triangles
• Flags and pennants
• Measuring objective

Gaps

• Breakaway gaps
• Measuring gaps
• Exhaustion gaps
• Island formations

Moving averages

• Simple moving averages
• Linearly weighted moving averages
• Exponentially smoothed moving averages

Oscillators

• The relative strength index (RSI)
• Stochastics (K%D)
• Moving average convergence divergence (MACD)

Market profile

• Market profile charts
• Market profile construction and basic components
• Quality of the service
• Cash flow stress and payment structure
• Legal structure