What is Technical Analysis? Foundations of Technical Analysis and does it really work?

Support and resistance are the foundation stone of all technical analysis.

The key to analysing bar charts: control, commitment, OHLC, whipsaws, long and short positions...

Expose hidden trends: markets trend in more than one direction at the same time...

The simplicity of these observations by Charles Dow belie their immense impact on the field of technical analysis.

How to identify trends and trend changes.

Lines (or ranging markets may take the place of a secondary reaction.

Bull and Bear markets are confirmed by both the Industrial and Transport Averages...

Bull and bear markets each have three phases.

Chart Patterns are formed by support and resistance levels and by trend lines.

The cup and handle is a longer term continuation pattern, similar to an ascending triangle.

Double tops are useful reversal patterns in an up-trend, identified by two peaks of similar height, followed by a break below the intervening trough.

A powerful reversal signal, the head and shoulders pattern is completed by a lower peak followed by a break below the neckline.

Support and resistance are the foundation stone of all technical analysis.

Trading Ranges are formed by support and resistance lines in close proximity. Price fluctuates in a narrow band with no clear trend.

Triangles and wedges can be powerful continuation or reversal patterns, depending on their shape.

Triple tops are similar to double tops and comprise three peaks of similar height.

Support, resistance and trading ranges.

Flags and pennants are short-term congestion patterns that form in trends and are reliable continuation signals.

Rectangles are narrow consolidations in a trend.

Rectangles are of the most reliable chart patterns when they appear in close proximity to support or resistance during an up-trend.

Volume activity provides powerful confirmation of price signals and often gives advance warning.

To improve Candlesticks accuracy, combine with Volatility, Volume, Support/Resistance and Trendlines.

How to identify trends, control, commitment, uncertainty, inside and outside days.

Candlestick chart patterns are able to highlight trend weakness and reversal signals that may not be apparent on a normal bar chart.

Gaps are often found at breakouts or during a strong trend.

A powerful signal, especially after big volume changes or a strong trend.

A spike is identified by a high sharply above the days on either side, a close near the day's low, and a strong preceding trend.

There are two times where daily volume will highlight unusual trading activity: a spike above the normal range or a dip below normal activity levels.