Technical Analysis and Price Action

Read candlestick charts and identify the basic grammar of price movement: support, resistance, breakouts, and reversals.

Determine trend direction and strength by identifying sequences of higher highs, higher lows, lower highs, and lower lows.

Apply moving averages (SMA and EMA) as dynamic filters to separate directional signals from short-term price noise.

Use momentum indicators like RSI and MACD as secondary tools to gauge trend exhaustion or divergence, not as standalone signals.

Identify volatility expansion and contraction patterns that often precede major price moves.

Define and document explicit entry, exit, and stop-loss rules for a trend-following trade setup.

Define and document explicit entry, exit, and stop-loss rules for a range-bound or mean-reversion trade setup.