Technical Analysis Map

Technical Analysis Map

What is Technical Analysis?

Technical Analysis aims to forecast the future price movement of all financial-traded assets. This forecast is based on historic price movement and focuses on two aspects: (i) current price and (ii) past price behavior. Actually, technical analysis can not forecast the future but it can help investors draw a probability table consisting of probable future price scenarios. More specifically technical analysis may:

(1) Help investors to optimize their investing decisions by buying oversold assets and by selling overbought assets

(2) Help investors optimize their entry/exit levels in every position they open/close

Technical analysis is applicable to all financial-traded assets (Forex, commodities, stocks, indices, bonds, etc). Technical analysis combined with fundamental analysis form a complete framework of investing analysis.

Technical Analysis Basics

The technical analysis, based on the Dow Theory, consist of two basic assumptions:

Price discounts everything
The Price Movement of financial-traded assets is not Random

Tony Plummer, in his book: “The Psychology of Technical Analysis” wrote that ‘Technical analysts know the price of everything, but the value of nothing’. This is partly true and that is why technical analysis should always be used along with fundamental analysis.

Technical Analysis Map

Here is a map with almost all important technical analysis tools.

(1) Charts

Charts

Line chart
Candlestick chart
Bar chart
OHLC chart
Heiken Ashi Chart, » more about Heiken Ashi
Kagi chart
Renko Chart » more about the Renko chart
Point and figure chart
Tick Price chart » more about Tick Price chart
Range chart » more about the Range chart

(2) Patterns

Chart Patterns

Head and shoulders
Cup and handle
Double top / Double Bottom
Rounding Top / Rounding Bottom
Triple top / Triple bottom
Triangles
Flag and pennant
Gap
Price channels
Wedge pattern

» Find more about the Major Chart Patterns

Candlestick Patterns

Doji, » more about Doji
Hammer / Hanging man,
Marubozu
Shooting star
Morning star / Evening Star
Spinning top
Three Black Crows
Three white soldiers
Railway Tracks
Hikkake pattern
Harami

(3) Indicators

Trend	Moving average (MA), more about Moving Averages Moving average convergence/divergence (MACD) Average directional index (ADX) Ichimoku Kinkō Hyō, » more about Ichimoku Parabolic SAR (SAR), more about the Parabolic SAR Smart money index (SMI) Rate of Change (ROC), more about the Rate of Change Trix Vortex Indicator (VI) Directional Movement System (DMS) more about DMS
Momentum	Relative strength index (RSI) What is RSI? The stochastic oscillator, What is the Stochastic Oscillator? Momentum oscillator, more about the momentum Trading Center Indicator (TCI), more about TCI True strength index (TSI) DeMarker Indicator, more about DeMarker Ultimate oscillator Williams %R (%R) What is Williams %R? Gator, more about the Gator Awesome Oscillator, more about Awesome
Volatility	Average true range (ATR) Bollinger Bands (BB), more about the Bollinger Bands CBOE Market Volatility Index (VIX) Standard deviation (σ), more about the Standard Deviation Donchian channel
Volume	Ease of movement (EMV) Force index (FI) Accumulation/distribution line Money flow index (MFI) On-balance volume (OBV) Put/call ratio (PCR) Volume–price trend (VPT) Negative volume index (NVI)
Other	Commodity channel index (CCI) Advance–decline line (ADL) Keltner channel McClellan oscillator Arms Index (TRIN) Coppock curve Ulcer Index

(4) Support and Resistance

Support

and Resistance

Historic Support and Resistance (--)
Trendlines ( / | \ )
Fibonacci retracement, » What is Fibonacci Retracement?
Round Numbers » What are Round Numbers?
Daily / Weekly / Monthly Pivot points (PP) » What is a Pivot Point?

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