10-step process for conducting technical analysis in trading. Here's a concise breakdown of the key steps:



High Timeframe: Begin by analyzing the market on daily or weekly charts to understand the broader context.

Support & Resistance: Identify key levels—two above and two below the current price.

Trend & Direction: Use trend lines to determine the market's overall direction.

Shapes & Formations (Optional): Look for chart patterns (e.g., triangles, head-and-shoulders) near current price action.

Indicators (Optional): Add 1–2 indicators (e.g., RSI, MACD) to avoid clutter.

Read the Story: Interpret the chart—assess who controls the market (bulls/bears), indicator alignment, and pattern implications.

Form an Opinion: Rate your confidence (e.g., "3/5 bullish") based on the analysis.

Risk Management: Use risk-reward ratios to decide if the trade fits your plan.

Timing & Alerts: Determine entry points and set alerts if waiting for price movement.

Trust the Process: Execute trades only when alerts trigger, respecting the preparation time.

This method emphasizes disciplined analysis, risk management, and patience. Optional steps (4–5) allow flexibility, while steps 8–10 focus on execution readiness.
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