Being able to "read" a market chart is a rare skill even among professionals. Most investors focus on "the fundamentals": Things like unemployment numbers, earnings, Fed statements, etc. But just a like a picture is worth a thousand words, a chart can tell you a lot about technical conditions of the market -- at a glance.
Written by one of EWI's senior tutorial instructors Jeffrey Kennedy, this 45-page manual is the ultimate beginner's guide to basic chart understanding.
As Jeffrey points out in this eBook, modern-day finance has gotten so caught up in "computerized technical analysis with all the bells and whistles... that basic chart reading is a lost art form." Kind of like cursive handwriting, or speaking in complete sentences vs text "slanguage," IYKWIM.
Jeffrey's takes you "back in time" and shows you how to "read" charts based solely on the shape of price bars. Jeffrey doesn't go into Elliott wave patterns, technical indicators, or Fibonacci mathematics. This eBook is the ultimate "back-to-basics" course, a reconnection with the very foundation on which all technical analysis is based.
Uptrend? Downtrend? It's easier than you imagined. In Chapter 1: Trend Analysis, Jeffrey shows how simple it is to determine that. Below are the exact charts that you see in the eBook
Uptrend: Simply a series of higher highs and higher lows
Downtrend: A series of lower lows and lower highs.
As Jeffrey observes, it's best to "trade in the direction of the trend and to have the wind at your back. It will also provide you with opportunities to rejoin the trend."
As you get deeper into the eBook, you also learn how to find "key" and "critical" support and resistance levels on a chart to protect your profits or raise/lower stops. Chapters 3 and 4 teach more complex patterns, such as double inside price bars, popguns, arrows, island reversals, candlesticks and key reversals. And the final section shows you how to tie it all together into a real-world application.
Go back to basics now with Jeffrey's eBook "How To Trade the Highest Probability Opportunities" -- AND move forward toward a more proactive investment strategy. Instantly download your copy today.