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Market Framework Guide

This document provides an overview of technical analysis for reading market charts. It defines key terms like market condition, support and resistance levels, and candlestick patterns. Market condition can be trending up/down, ranging, or choppy. Support and resistance levels indicate where prices may reverse. Candlestick patterns provide confirmation of whether support and resistance levels will hold or break, and confirm when to enter trades. The document includes examples of trending markets, support and resistance levels, and bullish/bearish candlestick patterns to identify market opportunities.

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Alex Adallom
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607 views33 pages

Market Framework Guide

This document provides an overview of technical analysis for reading market charts. It defines key terms like market condition, support and resistance levels, and candlestick patterns. Market condition can be trending up/down, ranging, or choppy. Support and resistance levels indicate where prices may reverse. Candlestick patterns provide confirmation of whether support and resistance levels will hold or break, and confirm when to enter trades. The document includes examples of trending markets, support and resistance levels, and bullish/bearish candlestick patterns to identify market opportunities.

Uploaded by

Alex Adallom
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Market Framework 101

Chart Reading Guide


TECHNICAL ANALYSIS

Support &
Market Condition Resistance Candlestick

• 1st step in analyzing a • Level where we are • Confirmation if levels


price chart. interested in trading. of S/R will hold.
• Trending (Up/Down) • Support = Buy • Confirmation to enter
• Ranging • Resistance = Sell into the trade.
• Choppy
MARKET CONDITION

Trending
Up Trend Down Trend

Higher High Lower High

Higher High Lower High


Higher Low Lower Low

Higher Low Lower Low


Up Trend

HH

HL

HH
HH

I-HH HL
HL

I-HL
Up Trend
HH
HH
HH

HL
HH
HL
HH
HL

HL
I-HH

I-HL
Down Trend

I-LH

LH

I-LL
LH

LH
LL LH
LL

LL

LL
Down Trend

I-LH

LH
I-LL

LL LH

LL

LL
MARKET CONDITION

Ranging

1 2

1 2
Ranging
2
1

1 2
Ranging
1
2

1 2
Ranging

1 2

1 2
Ranging

1 2

1 2
MARKET CONDITION

Choppy
Ranging
Ranging
SUPPORT & RESISTANCE

Resistance Resistance

Resistance Resistance
Support Support

Support Support
Support & Resistance

Resistance

Support
Resistance

Resistance

Support

Support
Support & Resistance
Resistance

Support

Resistance

Resistance

Support

Support
Support & Resistance
Resistance

Resistance

Resistance Support

Support

Support
Support & Resistance
Resistance

Resistance

Support

Support

Support
CANDLESTICK

Bullish Neutral Bearish

Engul ng Low Test Doji Engul ng High Test

Tweezer Morning Tweezer Evening


Bottom Star Top Star
fi
fi
Low Test

Low Test
High Test

High Test
Doji

Doji

Doji
Bullish Engul ng

Bullish Engul ng
fi
fi
Bearish Engul ng

Bearish Engul ng
fi
fi
Tweezer Bottom

Tweezer Bottom
Tweezer Top
Tweezer Top
Morning Star

Morning Star
Evening Star

Evening Star
PUTTING IT ALL TOGETHER
PUTTING IT ALL TOGETHER
TECHNICAL ANALYSIS

Support &
Market Condition Resistance Candlestick

• 1st step in analyzing a • Level where we are • Confirmation if levels


price chart. interested in trading. of S/R will hold.
• Trending (Up/Down) • Support = Buy • Confirmation to enter
• Ranging • Resistance = Sell into the trade.
• Choppy

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