7/28/2019 01 Technical Analysis-1

1/11

Technical AnalysisDow Theory

The Averages discount everythingThere is no need for fundamental analysis or inside information

The Market has 3 trendsBullish

Bearish

Sideway

The Trends have 3 phases Birth of Elliott & FibonacciAccumulation

Public participation

Distribution

The Averages must confirm each other

Volume must confirm the trend

The Trend is in effect until it endsContinuation pattern

Reversal pattern

Pattern recognition technique

Chart Construction Bar chart (Hi-Lo-Close)

Candlesticks

Candlevolume

Equivolume

Line chart

Kagi

Point and Figure

Renko

Three line break

7/28/2019 01 Technical Analysis-1

2/11

Technical AnalysisDow Theory

The Averages discount everythingThere is no need for fundamental analysis or inside information

The Market has 3 trendsBullish

Bearish

Sideway

The Trends have 3 phases Birth of Elliott & FibonacciAccumulation

Public participation

Distribution

The Averages must confirm each other

Volume must confirm the trend

The Trend is in effect until it endsContinuation pattern

Reversal pattern

Pattern recognition technique

Chart Construction Bar chart (Hi-Lo-Close)

Candlesticks

Candlevolume

Equivolume

Line chart

Kagi

Point and Figure

Renko

Three line break

7/28/2019 01 Technical Analysis-1

3/11

Technical AnalysisDow Theory

The Averages discount everythingThere is no need for fundamental analysis or inside information

The Market has 3 trendsBullish

Bearish

Sideway

The Trends have 3 phases Birth of Elliott & FibonacciAccumulation

Public participation

Distribution

The Averages must confirm each other

Volume must confirm the trend

The Trend is in effect until it endsContinuation pattern

Reversal pattern

Pattern recognition technique

Chart Construction Bar chart (Hi-Lo-Close)

Candlesticks

Candlevolume

Equivolume

Line chart

Kagi

Point and Figure

Renko

Three line break

7/28/2019 01 Technical Analysis-1

4/11

Technical AnalysisDow Theory

The Averages discount everythingThere is no need for fundamental analysis or inside information

The Market has 3 trendsBullish

Bearish

Sideway

The Trends have 3 phases Birth of Elliott & FibonacciAccumulation

Public participation

Distribution

The Averages must confirm each other

Volume must confirm the trend

The Trend is in effect until it endsContinuation pattern

Reversal pattern

Pattern recognition technique

Chart Construction Bar chart (Hi-Lo-Close)

Candlesticks

Candlevolume

Equivolume

Line chart

Kagi

Point and Figure

Renko

Three line break

Head and Shoulder

7/28/2019 01 Technical Analysis-1

5/11

Technical AnalysisDow Theory

The Averages discount everythingThere is no need for fundamental analysis or inside information

The Market has 3 trendsBullish

Bearish

Sideway

The Trends have 3 phases Birth of Elliott & FibonacciAccumulation

Public participation

Distribution

The Averages must confirm each other

Volume must confirm the trend

The Trend is in effect until it endsContinuation pattern

Reversal pattern

Pattern recognition technique

Chart Construction Bar chart (Hi-Lo-Close)

Candlesticks

Candlevolume

Equivolume

Line chart

Kagi

Point and Figure

Renko

Three line break

7/28/2019 01 Technical Analysis-1

6/11

Technical AnalysisDow Theory

The Averages discount everythingThere is no need for fundamental analysis or inside information

The Market has 3 trendsBullish

Bearish

Sideway

The Trends have 3 phases Birth of Elliott & FibonacciAccumulation

Public participation

Distribution

The Averages must confirm each other

Volume must confirm the trend

The Trend is in effect until it endsContinuation pattern

Reversal pattern

Pattern recognition technique

Chart Construction Bar chart (Hi-Lo-Close)

Candlesticks

Candlevolume

Equivolume

Line chart

Kagi

Point and Figure

Renko

Three line break

3 LineBreak Chart

Line Chart

Candlesticks ChartCandle Volume Chart

7/28/2019 01 Technical Analysis-1

7/11

7/28/2019 01 Technical Analysis-1

8/11

7/28/2019 01 Technical Analysis-1

9/11

Average True Range Study Range Price movement Momentum Parameters Indicators

7/28/2019 01 Technical Analysis-1

10/11

7/28/2019 01 Technical Analysis-1

11/11