Continued:
Second: Trend lines:
What is the meaning of trend: The trend is the direction, and it is the path of the market. From it, you know the prices are going in which direction, whether it is upward, downward, or parallel.
The most important point that you must know during trading and analysis is to always be in the direction of the trend, that is, if it is rising, you must follow the market and buy up, but if it is falling, you must also follow it down and sell. If it is parallel, it is preferable not to trade.
Third: Support & Resistance:
One of the most important basics of technical analysis, if we want to explain support and resistance, is: which area on the chart (chart) from which the price bounces.
You can also use pivot points and Fibonacci levels to draw support and resistance.
general rule:
Every bottom from which the price bounces is support, and every high from which the price bounces is resistance.
He follows