angelipirvulescu16@gmail.

com 02 Jan 2023

[email protected] 02 Jan 2023

[Technical and Graphical Analysis]

Copyright © 2022 Trading Technicals

All rights reserved. Thank you for buying an

authorized edition of this book and for

complying with copyright laws by not

reproducing, scanning, or distributing any

part of it in any form without the written

permission of the publisher, Trading

Technicals.

Made by the TikTok user @tradingtechnicals

Followers over 100,000+

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INTRODUCTION
Trading can be profitable for the informed

trader, like how you will be after reading this

book. This book is written for anyone new to

trading Stocks, Crypto, or Forex. Any prior

knowledge in these financial markets is a

plus.

so

Why is Technical Analysis so

important?

The charts don't lie; the beauty of technical

analysis is that it is "scam proof" It relies on

your ability to read the charts and price data.

In technical analysis, price patterns often

sign transitions between rising and falling

trends. It is helpful to understand patterns

and spot them out in the trading world,

whether it is Stocks, Crypto or Forex.

Technical Analysis helps investors anticipate

the future but doesn't make accurate

predictions.
[email protected] 02 Jan 2023

ALL CHAPTERS

1. CANDLE STICK

PATTERNS

GRAPH

2.
INDICATORS

CHART
3.
PATTERNS
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CANDLE
STICK

PATTERNS
Chapter. 1
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What is a

Candle Stick?
A candlestick is a single bar on a candlestick

price chart, showing traders market

movements at a glance.
Each candlestick shows the open price, low

price, high price, and close price of a market for

a particular period of time.

The body, Which represents the open-to-

close range.
The wick, or shadow, that indicates the

intra-day high and low.

The color, which reveals the direction of

market movement – a green body indicates

a price increase, while a red body shows a

price decrease.
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BULLISH
CANDLE-STICK PATTERNS

= Uptrend
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Hammer
The Hammer candlestick pattern consists of a

small body and a long wick extending from the

bottom.

The real body of this candle is small and is

located at the top with a lower shadow which

should be more than twice the real body. This

candlestick chart pattern has no or little upper

shadow/wick

This pattern can be seen at the support line

of a downward trend (see example below).

Hammer candlesticks typically occur after a

price decline.

Hammer candlesticks indicate a potential

price reversal to the upside. The price must

start moving up following the hammer; this

is called confirmation.

Little to no

upper wick
Long lower
wick
Hammer

candle-stick

bouncing off

support
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Piercing Line
A piercing pattern is a multiple candlestick

chart pattern that is formed after a downtrend

indicating a bullish reversal.

It is formed by two candles

The first candle is a bearish candle which

indicates the continuation of the downtrend.

The second candle is a bullish candle which

opens gap down but closes more than 50% of

the real body of the previous candle which

shows that the bulls are back in the market

and a bullish reversal is going to take place.

The close on the

Strong red
2nd bar must be

box 1st bar more than half-way

up the body of the

1st bar

Reversal signal

after a down-

trend
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Bullish Engulfing

Bullish Engulfing is a multiple candlestick chart

pattern that is formed after a downtrend

indicating a bullish reversal.

The bullish engulfing pattern is formed of

two candlesticks. The first candle is a short

red body that is completely engulfed by a

larger green candle.

The buying pressure increases, leading to a

reversal of the downtrend.

The second Bullish candlestick is engulfing

the body of the first bearish candle stick.

Second

candle is

bullish

Bearish

candle stick
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Morning Star

The Morning Star is a multiple candlestick chart

pattern that is formed after a downtrend

indicating a bullish reversal.

This is a three-stick pattern: one short-

bodied candle between a long red and a long

green candle.

The middle candle of the morning star

captures a moment of market indecision

where the bears begin to give way to bulls.

The third candle confirms the reversal and

can mark a uptrend, would be a good buy

opportunity.

Bullish

candle stick

In some cases

there will be a

gap down

Second candle

stick can be

red or green
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Three White Soldiers

This pattern is made up of three long green

candles in a row, this pattern also has to

open and close higher than the previous

period.

Three White Soldiers is a strong bullish

signal that shows up after a downtrend.

This pattern is considered a reliable

reversal pattern when confirmed by other

technical indicators like the relative

strength index (RSI).

Bullish

Direction
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Inverse Hammer

An Inverted Hammer is formed at the end of

the downtrend and gives a bullish reversal

signal.

In this candlestick, the real body is located

at the end and there is a long upper shadow.

It is the inverse of the Hammer Candlestick

pattern.

This pattern is formed when the opening and

closing prices are near to each other and the

upper shadow should be more than twice the

real body.

Inverse Hammer

candle-stick
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Three Inside Up

The Three Inside Up is multiple candlestick

pattern which is formed after a downtrend

indicating bullish reversal.

It consists of three candlesticks, the first

being a long bearish candle, the second

candlestick being a small bullish candle

which should be in the range the first

candlestick.

The third candlestick should be a long

bullish candlestick confirming the bullish

reversal.

The relationship of the first and second

candlestick should be of the bullish harami

candlestick pattern.

Three Inside Up

Pattern
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Bullish Harami

The Bullish Harami is multiple candlestick

chart pattern which is formed after a

downtrend indicating bullish reversal.

It consists of two candlestick charts, the

first candlestick being a tall bearish candle

and second being a small bullish candle

which should be in the range of the first

candlestick.

The first bearish candle shows the

continuation of the bearish trend and the

second candle shows that the bulls are back

in the market.

Bullish Harami
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Three Outside Up

The Three Outside Up is a multiple candlestick

pattern, which is formed after a downtrend

indicating a bullish reversal.

It consists of three candlesticks, the first

being a short bearish candle, the second

candlestick being a large bullish candle

which should cover the first candlestick.

The third candlestick should be a long

bullish candlestick confirming the bullish

reversal.

The relationship of the first and second

candlestick chart should be of the Bullish

Engulfing candlestick pattern.

Three Outside Up
Pattern
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On-Neck

The On-Neck pattern occurs after a

downtrend when a long real bodied bearish

candle is followed by a smaller real bodied

bullish candle which gaps down on the open

but then closes near the prior candle’s close.

The pattern is called a neckline because the

two closing prices are the same or almost

the same across the two candles, forming a

horizontal neckline.

Same
Neckline
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Tweezer Bottom

The Tweezer Bottom candlestick pattern is

a bullish reversal candlestick pattern that is

formed at the end of the downtrend.

It consists of two candlesticks, the first one

being bearish and the second one being

bullish candlestick.

Both the candlesticks make almost or the

same low. When the Tweezer Bottom

candlestick pattern is formed the prior trend

is a downtrend.

Tweezer

Bottom Pattern

Same Low
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Rising Three Methods

The “rising three methods” is a bullish, five

candle continuation pattern which signals an

interruption, but not a reversal, of the ongoing

uptrend.

The candlestick pattern is made of two long

candlesticks in the direction of the trend i.e

uptrend in this case. at the beginning and

end, with three shorter counter-trend

candlesticks in the middle.

The candlestick pattern is important as it

shows traders that the bears still do not

have enough power to reverse the trend.

Bullish

Direction
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BEARISH
CANDLE-STICK PATTERNS

= Downtrend
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Hanging Man

Hanging Man is a single candlestick pattern

which is formed at the end of an uptrend and

signals bearish reversal.

The real body of this candle is small and is

located at the top with a lower shadow
which should be more than the twice of the

real body. This candlestick pattern has no or

little upper shadow.

The psychology behind this candle

formation is that the prices opened and

seller pushed down the prices.

Suddenly the buyers came into the market

and pushed the prices up but were

unsuccessful in doing so as the prices closed

below the opening price.

Hanging Man
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Dark Cloud Cover

The dark cloud cover candlestick pattern

indicates a bearish reversal – a black cloud

over the previous day’s optimism. It

comprises two candlesticks: a red

candlestick which opens above the previous

green body, and closes below its midpoint.

It signals that the bears have taken over the

session, pushing the price sharply lower. If

the wicks of the candles are short it

suggests that the downtrend was extremely

decisive.

Opening price
Highest price
of the day

Closing price

Confirmation
Opening price

Lowest price
of the day
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Shooting Star

Shooting Star is formed at the end of the

uptrend and gives bearish reversal signal.

In this candlestick chart the real body is

located at the end and there is long upper

shadow. It is the inverse of the Hanging Man

Candlestick pattern.

This pattern is formed when the opening and

closing prices are near to each other and the

upper shadow should be more than the twice

of the real body.

Long upper

Wick
Little to no

lower wick
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Bearish Engulfing

Bearish Engulfing is a multiple candlestick

pattern that is formed after an uptrend

indicating a bearish reversal.

It is formed by two candles, the second

candlestick engulfing the first candlestick.

The first candle being a bullish candle

indicates the continuation of the uptrend.

The second candlestick chart is a long

bearish candle that completely engulfs the

first candle and shows that the bears are

back in the market.

Traders can enter a short position if next

day a bearish candle is formed and can place

a stop-loss at the high of the second candle.

Bearish candle

Bearish candle

closes below the

opens at, or above

pervious candle's

the pervious

open
candles close
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Evening Star

The Evening Star is multiple candlestick

pattern which is formed after the uptrend

indicating bearish reversal.

It is made of 3 candlesticks, first being a

bullish candle, second a doji and third being

a bearish candle.

The first candle shows the continuation of

the uptrend, the second candle being a doji

indicates indecision in the market, and the

third bearish candle shows that the bears

are back in the market and reversal is going

to take place.

The second candle should be completely out

of the real bodies of first and third candle.

Strong finish into

Star first candle body

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Three Black Crows

The Three Black Crows is multiple candlestick

pattern which is formed after an uptrend

indicating bearish reversal. These candlesticks

are made of three long bearish bodies which do

not have long shadows and open within the real

body of the previous candle in the pattern.

Traders use it alongside other technical

indicators such as the relative strength

index (RSI).

The opposite pattern of three black crows is

three white soldiers, which indicates a

Bullish trend.

Bearish

Direction
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Three Inside Down

The Black Marubozu is a single candlestick

pattern which is formed after an uptrend

indicating bearish reversal.

This candlestick chart has a long bearish

body with no upper or lower shadows which

shows that the bears are exerting selling

pressure and the markets may turn bearish.

At the formation of this candle, the buyers

should be caution and close their buying

position.

Bearish

Direction
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Bearish Harami

The Bearish Harami is multiple candlestick

pattern which is formed after the uptrend

indicating a bearish reversal.

It consists of two candlesticks, the first

candlestick being a tall bullish candle and

second being a small bearish candle which

should be in the range of the first

candlestick chart.

The first bullish candle shows the

continuation of the bullish trend, and the

second candle shows that the bears are back

in the market.

Traders can take a short position after the

completion of this candlestick pattern.

Bearish

Direction
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Three Outside Down

The Three Outside Down is multiple candlestick

pattern which is formed after an uptrend
indicating a bearish reversal.

It consists of three candlesticks, the first

being a short bullish candle, the second
candlestick being a large bearish candle
which should cover the first candlestick.

The third candlestick should be a long

bearish candlestick confirming the bearish
reversal.

The first and second candlestick

relationship should be of the Bearish
Engulfing candlestick pattern. Traders can
take a short position after the completion of
this candlestick pattern.

Bearish

Direction
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Falling Three Methods

The “falling three methods” is a bearish, five

candle continuation pattern that signals an

interruption, but not a reversal, of the ongoing

downtrend.

The candlestick pattern is made of two long

candlestick charts in the direction of the

trend, i.e., downtrend at the beginning and

end, with three shorter counter-trend

candlesticks in the middle.

The candlestick pattern is essential as it

shows traders that the bulls still do not

have enough power to reverse the trend.

Bearish

Direction
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BILATERAL
CANDLE-STICK PATTERNS

These candle-stick

patterns can move in

either direction
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Doji

Doji pattern is a candlestick pattern of

indecision which is formed when the opening

and closing prices are almost equal.

It is formed when both the bulls and bears

are fighting to control prices, but nobody

succeeds in gaining full control of the prices.

The candlestick pattern looks like a cross

with very small real body and long shadows.

Indecision

reversal of

trend

Potential

Direction
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Spinning Top

A spinning top is a candlestick pattern that

has a short real body that's vertically

centered between long upper and lower

wick.

Since buyers and sellers both pushed the

price, but couldn't maintain it, the pattern

shows indecision and that more sideways

movement could follow.

This candle stick pattern is much stronger in

a trending market, be it uptrend or

downtrend.

Potential

Direction
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GRAPHIC

INDICATORS
Chapter. 2
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What are Technical

Indicators?
Trading indicators are mathematical

calculations, which are plotted as lines on a

price chart and can help traders identify certain

signals and trends within the market.

There are different types of trading

indicator, including leading indicators and

lagging indicators.
Leading Indicator is a forecast signal that

predicts future price movements.

Lagging Indicator look at the past trends

and indicates momentum.

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Simple
SMA Moving
Average

A simple moving average is an arithmetic

average of a set of data points where each data

point is added together and then divided by the

total number of data points.

A simple moving average is a smoothing tool

to display trends for a specific number of

periods.

For example, a 50-period simple moving

average finds the closing price of the last

50-periods, sums the 50 closing prices, and

divides by 50 to calculate the average

closing price of the previous 50 periods. New

periods are then added to the calculation,

while the oldest period is deleted from the

calculation.

The simple moving average is typically

plotted as a technical overlay.

Price crossing over SMA

lines indicates uptrend.

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Moving

MACD Average

Convergence

Divergence

The moving average convergence/divergence

(MACD) is a technical indicator of momentum

that uses moving averages to determine a

trend’s strength.

The MACD uses three exponential moving

averages (a short term, a long term, and the

average difference between the short and

long term) to show price momentum.

The MACD indicates changes in trend

direction, as well as overbought and

oversold conditions, by showing the turning

points where the signal line crosses over the

other moving average lines.

MACD crosses below

signal line indicates

MACD crosses above

downtrend(Bearish)
signal line indicates

uptrend(Bullish)
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Relative

RSI Strength
Index

The relative strength index (RSI) is a technical

indicator of momentum that measures the

speed and change of price on a scale of 0 to 100,

typically over the past 14 periods. Readings

over 70 are considered overbought, while

readings below 30 are considered oversold.

When the RSI surpasses the horizontal 30

reference level, it is a bullish sign and when

it slides below the horizontal 70 reference

level, it is a bearish sign.

RSI measures the strength of a security’s

price change by comparing up days and

down days.

Above 70,

indicates

Below 30,
Overbought
indicates

Oversold
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Volume-

VWAP Weighted

Average Price

Volume-weighted average price (VWAP)

combines price and volume to show where the

average trading activity has taken place for a

specified period. VWAP is calculated by dividing

the total dollar value of all trades by the

trading volume for the period referenced.

It is also used for support, resistance, entry

and exit levels. Volume-Weighted Average

Price is only used on the intraday time

frame.

VWAP might be as simple as buying the first

closing price above VWAP as an entry, and

selling at a predetermined point above it.

Price breaks

VWAP indicates

a downtrend

Price bounce

off VWAP
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Bollinger Bands

Bollinger bands are a chart overlay, volatility

indicator that show the upper and lower range

of normal price movement based on standard

deviation. There are three lines that compose

Bollinger Bands: A simple moving average

(middle band) and an upper and lower band.

The bands are dynamic/sensitive to changes

in volatility. When the bands widen, price

volatility is increasing. When the bands

tighten, volatility is decreasing.

Price tends to oscillate within the bands and

the upper and lower bands are used as

resistance and support, respectively.

Breakouts above the upper band or below

the lower band are often used as trading

signals.

Band Tightening
Upper Band

Lower Band
Band Widening
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Ichimoku Cloud

The Ichimoku cloud is a technical indicator that

displays support, resistance, momentum, and

trend in one chart overlay. Ichimoku clouds

consolidate a number of indicators by using a

variety of moving averages and other

calculations to indicate areas of support and

resistance on a price chart.

When the price is below the cloud, consider

bearish. When the price is above the cloud,

consider bullish.

The lines include a 9-period average, a 26-

period average, an average of those two

averages, a 52-period average, and a

lagging closing price line.

Ichimoku Cloud
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Pivot Points

Pivot points are calculated using the prior

period’s range to show potential support and

resistance levels. The prior day’s high, low, and

closing price are used to calculate the pivot

point, two levels of support, and two resistance

levels.

They're calculated based on the high, low,

and closing prices of previous trading

sessions. Many traders use pivot points for

intraday entry and exit points, as well as

support and resistance levels for position

scaling.

This indicator will automatically graphs = 7

Pivot Point levels, R1, R2, R3, S1, S2, S3 and P

Pivot Points

R2 = Resistance 2

R1 = Resistance 1

S1 = Support 1
S2 = Support 2
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CHART

PATTERNS
Chapter. 3
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What is Support

and Resistance?
Support & Resistance levels are key price

levels, where supply and demand interaction

create significance levels.

When the price passes through resistance,

that resistance could potentially become

support.

The more often price tests a level of

resistance or support without breaking it,

the stronger the area of resistance or

support gets.

Traders can take either a long position,

meaning go bullish or a short position,

meaning bearish.

Breakout

Resistance Resistance

Breakout

Support Support
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How to draw Support

and Resistance?
How to draw them?
Support and resistance lines need to have at

least two price-point to be drawn. Simply

connect two swing highs or two swing lows in a

price chart with a trendline, and project the

trendline into the future.

Trade the "Break"

Buy when the price falls towards support.
Sell when the price rises towards resistance.

Trade the "Bounce"

Buy when the price breaks up through

resistance.
Sell when the price breaks down through

support.

Breakout
Resistance

Support
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BULLISH
CHART PATTERNS

= Uptrend
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Flag
Pattern Type: Continuation

The Flag Pattern forms in a time of

consolidation and is also considered a bullish

signal, indicating that the current uptrend

may continue. A Flag (Bullish) follows a

steep or nearly vertical rise in price and

consists of two parallel trendlines that form

a rectangular flag shape.

Flag's rectangular shape develops from

parallel trendlines, which form the support

and resistance until the price breaks out.

A breakout occurs out of the flag in the

same direction as the initial move. This

pattern can be viewed on larger time

frames, like daily and weekly.

Resistance
Support

Breakout
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Inverse Head & Shoulder

Pattern Type: Continuation

As price hit lows below the neckline, a

trough is formed. Until it creates three

troughs, or low points: the left shoulder,

head which is the lowest , and right shoulder.

A Inverse Head & Shoulder pattern can be

viewed on larger time frames, like weekly

and monthly.

Traders typically enter into a long position

when the price rises above the resistance of

the neckline.

Breakout

Neckline

Left Shoulder Right Shoulder

Head
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Rounding Bottom
Pattern Type: Continuation

A rounding bottom is a chart pattern that

graphically forms the shape of a "U."

This trend is similar to the chart of the cup

and handle but without the downtrend

handle.

A Rounding Bottom pattern can be viewed

on larger time frames, like hourly and daily.

Traders will feel safe buying at the

breakout, Which is also the starting of a

bullish trend.

Breakout

U - Shape
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Falling Wedge
Pattern Type: Continuation & Reversal

This Pattern starts wider at the top and

gets narrower as it moves down.

The wedge pattern results in breakout-

causing the price to move up. A Falling

Wedge pattern can be viewed on larger time

frames, like hourly and daily.

Many buyers will show up, and volume

should increase as the price breakouts.

Traders will look for buying opportunities at

the breakout and potentially exit at the

start of the Pattern.

Breakout
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Ascending Trinagle
Pattern Type: Continuation

This Ascending Triangle pattern is a bullish

continuation pattern, which means that a

breakout is likely.

To draw this pattern, you need to place a

horizontal line over the resistance points.

And then draw an ascending line along with

the support points. This pattern can be used

on any time frame, even minutes.

Traders will look for a breakout with

volume, and in some cases, price will come,

retest the breakout level and then continue

the uptrend.

Breakout

Ascending Line
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Cup and Handle

Pattern Type: Continuation

The Cup with Handle Pattern resembles the

shape of a cup and a handle. It is an arched

pattern that can be identified by its u-shape,

followed by the handle having a slight

downward drift.

Ultimately the pattern becomes bullish,

completing the 'handle.'

Rounding bottom pattern almost looks the

same as this, but without the handle

formation

Traders will wait for the falling handle to

form and enter at the breakout.

Breakout

Look for

falling trend

U - Shape
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Triple Bottom
Pattern Type: Reversal

A triple bottom is generally seen as three

roughly equal lows bouncing off the support

line.

Later, it is followed by a breakout point,

Which is the best opportunity to enter a

bullish position.

After the breakout point, the price usually

does not retest the neckline.

Traders will enter into a long position after

the breakout point. A triple Bottom pattern

can be viewed on larger time frames, like

hourly and daily.

Breakout

Resistance Line

Bottom 1 Bottom 2 Bottom 3

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Double Bottom
Pattern Type: Reversal

The pattern indicates a reversal in the overall

trend. Double Bottom resembles the look of a

"W.' The price will drop two times and bounce

off the support line, eventually breaking out.

In this case, the price will retest the

breakout point, unlike the Triple Bottom

pattern.

Double Bottom pattern can be viewed on

larger time frames, like hourly and daily.

Traders will look for a breakout BUT will

wait for a retest and bounce of the

resistance line.

Breakout

Resistance Line

Bottom 1 Bottom 2
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BEARISH
CHART PATTERNS

= Downtrend
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Double Top
Pattern Type: Reversal

Double Top is a bearish pattern that occurs

after the price has peaked two times.

And the trend has reversed when the price

breaks support, completing an "M" shape.

This results in an increase in selling volume.

Double Top pattern can be viewed on larger

time frames, like hourly and daily.

Traders will sell when the price breaks

below the support line or, in some cases,

take short positions to make profits.

Frist Top Second Top

Breakout
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Head & Shoulder

Pattern Type: Reversal

A head and shoulder appear as a baseline

with three peaks, where the outside two are

close in height, and the middle is highest.

This pattern is looked at on a daily or, in

some cases, on an hourly time frame.

Keep in mind that the Head & Shoulder

pattern is never in perfect formation.

Traders will look for a break below the

neckline to go short on a position.

Head

Left Shoulder Right Shoulder

Breakout
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Descending Triangle
Pattern Type: Continuation

Descending Triangle is a well-known bearish

pattern, the support line is horizontal, and

the resistance line is descending alongside.

Breaking through the resistance level will

cause the price action to fall.

This pattern can be used on any time frame,

even minutes.

Traders will look for a break below the

horizontal support line to take a short

position.

Descending Line

Breakout
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Triple Top
Pattern Type: Reversal

Triple Top pattern occurs when the price

creates three peaks at the same price levels.

This pattern is a reversal pattern representing

buying weakness and results in a sell-off.

Triple Top pattern can be viewed on larger

time frames, like hourly and daily.

Traders will look to enter a short position or

exit a long position, once the price breaks

below support (neckline).

Top 1 Top 2 Top 3

Resistance

Breakout
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BILATERAL
CHART PATTERNS

These chart

patterns can move

in either the Bullish

or Bearish direction.
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Symmetric Triangle
Pattern Type: Reversal or Continuation

This Pattern includes a triangle, similar to

an angle bracket ( > ) which is used in

mathematics.

The trend lines start to meet and get

squeezed at the end, which means a bullish

or bearish trend is possible.

The formation occurs because prices are

reaching both lower highs and higher lows.

The pattern will display two highs touching

the upper (descending) trendline and two

lows touching the lower (ascending)

trendline.

The Symmetrical Triangle can extend for a

few weeks or many months. Traders will

look for a breakout or a break below and

take either a long or short position.

Breakout
Breakout
Bullish

Bearish

Price getting squeezed

in between the

trendlines Breakout
Breakout
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Price Channel
Pattern Type: Reversal or Continuation

Price Channel slopes up or down and is bound

by an upper and lower trend line. The upper

trend line marks resistance and the lower marks

support.

Price stays in between this support and

resistance levels until it is broken out.

In some cases the price will retest the

breakout point.

Traders can sell when price approaches the

price channel's upper trendline and buy

when it tests the lower trendline.

Breakout
Breakout

Bearish ce
tan
sis
Re

rt
ppo Bullish
Su Re
si
st
an
ce

Su
pp
or
t

Breakout
Breakout
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PRINTABLE

PATTERN

SHEETS
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CHART PATTERNS
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Reversal

Patterns

Continuation

Patterns

Bilateral

Patterns