Technical Analysis Basics by Yalla Tadawul Team

Charts tell a story. Learning to read them is essential for any trader. Here are the building blocks.

1. Trends are Your Friend

Identify Up-trends, Down-trends, and Sideways markets. Lesson: Trading with the trend increases your probability of success.

2. Support and Resistance

Areas where price has historically reversed. Advice: Look for multiple touches to confirm the strength of a level.

3. Common Patterns

Head and Shoulders, Double Tops, and Triangles. Tip: Patterns reflect human psychology in mass. Master them.

Conclusion

Technical analysis is a language. The more you practice reading it, the clearer the market's message becomes.