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Technical Analysis Basics: How to Read Price Action

Learn how support, resistance, trendlines, and momentum can shape your trading decisions.

Trading EducationMar 25, 20246 min read
Forex chart with technical analysis

Technical analysis helps traders interpret price action by looking for patterns and structures. It is not magic, but it can be a useful way to understand where price might react.

Support and Resistance

Support is a level where price tends to find buyers, while resistance is a zone where sellers can emerge. These levels often matter because many traders watch them.

Trendlines and Momentum

Trendlines can help define direction, while momentum indicators may confirm whether a move has strength or exhaustion. The goal is to combine tools rather than rely on one signal.

Author

Anish Kumar

Anish Kumar

I'm Anish Kumar, a professional trader and educator with over 5 years of experience.

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Anish Kumar

Anish Kumar

Professional Traders

I'm Anish Kumar, a professional trader and educator with over 5 years of experience.