{"id":58,"date":"2026-08-13T06:46:35","date_gmt":"2026-08-13T06:46:35","guid":{"rendered":"https:\/\/www.austockmarket.com\/universe\/?p=58"},"modified":"2026-08-13T07:32:57","modified_gmt":"2026-08-13T07:32:57","slug":"lesson-1-what-is-technical-analysis","status":"publish","type":"post","link":"https:\/\/www.austockmarket.com\/universe\/lesson-1-what-is-technical-analysis\/","title":{"rendered":"Lesson 1 \u2014 What Is Technical Analysis?"},"content":{"rendered":"<style>\r\n\/* AU STOCK MARKET - TECHNICAL ANALYSIS ACADEMY *\/\r\n.ausm-ta{\r\n--navy:#062B72;\r\n--green:#25D900;\r\n--bright:#39E600;\r\n--text:#17233C;\r\n--light:#F5F8FC;\r\n--border:#DCE4EF;\r\n--white:#FFFFFF;\r\n--footer:#041D4D;\r\nfont-family:Arial,Helvetica,sans-serif;\r\nmax-width:900px;\r\nmargin:25px auto;\r\ncolor:var(--text);\r\n}\r\n\r\n.ausm-ta *{box-sizing:border-box}\r\n\r\n.ausm-head{\r\nbackground:var(--navy);\r\ncolor:#fff;\r\npadding:28px 24px;\r\nborder-radius:18px 18px 0 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20px;\r\ndisplay:flex;\r\njustify-content:space-between;\r\ngap:10px;\r\n}\r\n\r\n.ausm-btn{\r\nborder:0;\r\nborder-radius:9px;\r\npadding:12px 20px;\r\nfont-size:14px;\r\nfont-weight:700;\r\ncursor:pointer;\r\nbackground:var(--navy);\r\ncolor:#fff;\r\n}\r\n\r\n.ausm-btn.next{\r\nbackground:var(--green);\r\ncolor:var(--footer);\r\n}\r\n\r\n.ausm-btn:disabled{\r\nopacity:.35;\r\ncursor:not-allowed;\r\n}\r\n\r\n.ausm-complete{\r\nbackground:var(--footer);\r\ncolor:#fff;\r\nborder-radius:15px;\r\npadding:30px 20px;\r\ntext-align:center;\r\n}\r\n\r\n.ausm-complete h2{\r\ncolor:#fff;\r\n}\r\n\r\n.ausm-xp{\r\nfont-size:24px;\r\nfont-weight:800;\r\ncolor:var(--bright);\r\nmargin:18px 0;\r\n}\r\n\r\n.ausm-badge{\r\ndisplay:inline-block;\r\nborder:1px solid var(--green);\r\ncolor:var(--green);\r\npadding:8px 15px;\r\nborder-radius:30px;\r\nfont-size:13px;\r\nfont-weight:700;\r\n}\r\n\r\n@media(max-width:600px){\r\n.ausm-head{padding:22px 17px}\r\n.ausm-head h1{font-size:24px}\r\n.ausm-stage{padding:10px}\r\n.ausm-slide{padding:20px;min-height:440px}\r\n.ausm-slide h2{font-size:22px}\r\n.ausm-slide p{font-size:15px}\r\n.ausm-cards{grid-template-columns:1fr}\r\n.ausm-nav{padding:12px}\r\n.ausm-btn{padding:11px 14px}\r\n}\r\n<\/style>\r\n\r\n\r\n<div class=\"ausm-ta\" id=\"ausmTA\">\r\n\r\n<div class=\"ausm-head\">\r\n<div class=\"ausm-brand\">AU STOCK MARKET \u2022 TECHNICAL ANALYSIS ACADEMY<\/div>\r\n<h1>Lesson 1: What Is Technical Analysis?<\/h1>\r\n<div class=\"ausm-sub\">Learn how traders study price, trends and volume.<\/div>\r\n\r\n<div class=\"ausm-progress\">\r\n<span id=\"ausmProgress\"><\/span>\r\n<\/div>\r\n\r\n<div class=\"ausm-count\">\r\n<span id=\"ausmCurrent\">1<\/span> \/ 18\r\n<\/div>\r\n<\/div>\r\n\r\n\r\n<div class=\"ausm-stage\">\r\n\r\n<!-- 1 -->\r\n<div class=\"ausm-slide active\">\r\n<span class=\"ausm-num\">01<\/span>\r\n<h3>Welcome to Technical Analysis<\/h3>\r\n\r\n<p>Technical analysis is a way of studying market behaviour by looking mainly at <strong>price, volume and charts<\/strong>.<\/p>\r\n\r\n<div class=\"ausm-highlight\">\r\nThe goal is not to predict the future with certainty. It is to understand what the market may be telling you.\r\n<\/div>\r\n\r\n<div class=\"ausm-graphic\">\r\n<svg viewBox=\"0 0 700 240\">\r\n<polyline points=\"30,195 110,175 165,185 230,130 285,145 350,105 410,120 475,70 530,90 600,45 670,60\"\r\nfill=\"none\" stroke=\"#25D900\" stroke-width=\"6\"\/>\r\n<line x1=\"25\" y1=\"205\" x2=\"680\" y2=\"205\" stroke=\"#DCE4EF\" stroke-width=\"2\"\/>\r\n<\/svg>\r\n<\/div>\r\n<\/div>\r\n\r\n\r\n<!-- 2 -->\r\n<div class=\"ausm-slide\">\r\n<span class=\"ausm-num\">02<\/span>\r\n<h2>Think of a Chart as a Story<\/h2>\r\n\r\n<p>Every price chart tells a story about buyers and sellers.<\/p>\r\n\r\n<div class=\"ausm-cards\">\r\n<div class=\"ausm-card\">\r\n<div class=\"ausm-icon\">\ud83d\udcc8<\/div>\r\n<strong>Price<\/strong>\r\nWhere the market is trading.\r\n<\/div>\r\n\r\n<div class=\"ausm-card\">\r\n<div class=\"ausm-icon\">\ud83d\udcca<\/div>\r\n<strong>Volume<\/strong>\r\nHow much activity is taking place.\r\n<\/div>\r\n\r\n<div class=\"ausm-card\">\r\n<div class=\"ausm-icon\">\ud83d\udd0e<\/div>\r\n<strong>Pattern<\/strong>\r\nHow price has behaved.\r\n<\/div>\r\n<\/div>\r\n\r\n<p>Technical analysis helps you organise this information into a useful picture.<\/p>\r\n<\/div>\r\n\r\n\r\n<!-- 3 -->\r\n<div class=\"ausm-slide\">\r\n<span class=\"ausm-num\">03<\/span>\r\n<h2>What Does Technical Analysis Study?<\/h2>\r\n\r\n<div class=\"ausm-cards\">\r\n<div class=\"ausm-card\">\r\n<div class=\"ausm-icon\">\ud83d\udcc8<\/div>\r\n<strong>Price<\/strong>\r\nMovement over time.\r\n<\/div>\r\n\r\n<div class=\"ausm-card\">\r\n<div class=\"ausm-icon\">\ud83d\udd04<\/div>\r\n<strong>Trends<\/strong>\r\nDirection of the market.\r\n<\/div>\r\n\r\n<div class=\"ausm-card\">\r\n<div class=\"ausm-icon\">\ud83d\udcca<\/div>\r\n<strong>Volume<\/strong>\r\nMarket participation.\r\n<\/div>\r\n<\/div>\r\n\r\n<div class=\"ausm-highlight\">\r\nThese three ideas will appear throughout the AU Stock Market Technical Analysis Academy.\r\n<\/div>\r\n<\/div>\r\n\r\n\r\n<!-- 4 -->\r\n<div class=\"ausm-slide\">\r\n<span class=\"ausm-num\">04<\/span>\r\n<h2>Price Is the Starting Point<\/h2>\r\n\r\n<p>Technical analysts begin with price.<\/p>\r\n\r\n<div class=\"ausm-graphic\">\r\n<svg viewBox=\"0 0 700 260\">\r\n<line x1=\"40\" y1=\"220\" x2=\"670\" y2=\"220\" stroke=\"#DCE4EF\" stroke-width=\"2\"\/>\r\n<polyline points=\"45,200 100,170 150,185 210,130 260,145 320,100 380,115 440,70 500,90 555,55 650,35\"\r\nfill=\"none\" stroke=\"#062B72\" stroke-width=\"6\"\/>\r\n<circle cx=\"650\" cy=\"35\" r=\"9\" fill=\"#25D900\"\/>\r\n<text x=\"520\" y=\"28\" fill=\"#17233C\" font-size=\"18\">Price<\/text>\r\n<\/svg>\r\n<\/div>\r\n\r\n<p>The direction, speed and behaviour of price can provide useful information.<\/p>\r\n<\/div>\r\n\r\n\r\n<!-- 5 -->\r\n<div class=\"ausm-slide\">\r\n<span class=\"ausm-num\">05<\/span>\r\n<h2>Buyers and Sellers<\/h2>\r\n\r\n<p>Markets move because buyers and sellers interact.<\/p>\r\n\r\n<div class=\"ausm-cards\">\r\n<div class=\"ausm-card\">\r\n<div class=\"ausm-icon\">\ud83d\udfe2<\/div>\r\n<strong>Buyers<\/strong>\r\nDemand can push price higher.\r\n<\/div>\r\n\r\n<div class=\"ausm-card\">\r\n<div class=\"ausm-icon\">\ud83d\udd35<\/div>\r\n<strong>Balance<\/strong>\r\nBuyers and sellers may reach equilibrium.\r\n<\/div>\r\n\r\n<div class=\"ausm-card\">\r\n<div class=\"ausm-icon\">\u2198\ufe0f<\/div>\r\n<strong>Sellers<\/strong>\r\nSelling pressure can push price lower.\r\n<\/div>\r\n<\/div>\r\n\r\n<div class=\"ausm-highlight\">\r\nA chart is a visual record of this ongoing battle between demand and supply.\r\n<\/div>\r\n<\/div>\r\n\r\n\r\n<!-- 6 -->\r\n<div class=\"ausm-slide\">\r\n<span class=\"ausm-num\">06<\/span>\r\n<h2>What Is a Trend?<\/h2>\r\n\r\n<p>A trend is the general direction in which price is moving.<\/p>\r\n\r\n<div class=\"ausm-cards\">\r\n<div class=\"ausm-card\">\r\n<div class=\"ausm-icon\">\u2197<\/div>\r\n<strong>Uptrend<\/strong>\r\nPrice generally moves higher.\r\n<\/div>\r\n\r\n<div class=\"ausm-card\">\r\n<div class=\"ausm-icon\">\u2192<\/div>\r\n<strong>Sideways<\/strong>\r\nPrice moves within a range.\r\n<\/div>\r\n\r\n<div class=\"ausm-card\">\r\n<div class=\"ausm-icon\">\u2198<\/div>\r\n<strong>Downtrend<\/strong>\r\nPrice generally moves lower.\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n\r\n\r\n<!-- 7 -->\r\n<div class=\"ausm-slide\">\r\n<span class=\"ausm-num\">07<\/span>\r\n<h2>Understanding an Uptrend<\/h2>\r\n\r\n<p>An uptrend commonly creates <strong>higher highs and higher lows<\/strong>.<\/p>\r\n\r\n<div class=\"ausm-graphic\">\r\n<svg viewBox=\"0 0 700 270\">\r\n<polyline points=\"45,225 120,165 180,195 255,120 315,155 390,85 450,125 525,55 650,80\"\r\nfill=\"none\" stroke=\"#25D900\" stroke-width=\"7\"\/>\r\n<text x=\"235\" y=\"110\" fill=\"#062B72\" font-size=\"17\">Higher High<\/text>\r\n<text x=\"170\" y=\"220\" fill=\"#062B72\" font-size=\"17\">Higher Low<\/text>\r\n<text x=\"505\" y=\"45\" fill=\"#062B72\" font-size=\"17\">Higher High<\/text>\r\n<\/svg>\r\n<\/div>\r\n<\/div>\r\n\r\n\r\n<!-- 8 -->\r\n<div class=\"ausm-slide\">\r\n<span class=\"ausm-num\">08<\/span>\r\n<h2>Understanding a Downtrend<\/h2>\r\n\r\n<p>A downtrend commonly creates <strong>lower highs and lower lows<\/strong>.<\/p>\r\n\r\n<div class=\"ausm-graphic\">\r\n<svg viewBox=\"0 0 700 270\">\r\n<polyline points=\"45,50 120,115 180,80 255,150 315,115 390,185 450,145 525,215 650,190\"\r\nfill=\"none\" stroke=\"#062B72\" stroke-width=\"7\"\/>\r\n<text x=\"100\" y=\"105\" fill=\"#17233C\" font-size=\"17\">Lower High<\/text>\r\n<text x=\"235\" y=\"175\" fill=\"#17233C\" font-size=\"17\">Lower Low<\/text>\r\n<text x=\"500\" y=\"240\" fill=\"#17233C\" font-size=\"17\">Lower Low<\/text>\r\n<\/svg>\r\n<\/div>\r\n<\/div>\r\n\r\n\r\n<!-- 9 -->\r\n<div class=\"ausm-slide\">\r\n<span class=\"ausm-num\">09<\/span>\r\n<h2>Sideways Markets<\/h2>\r\n\r\n<p>Not every market is trending.<\/p>\r\n\r\n<div class=\"ausm-graphic\">\r\n<svg viewBox=\"0 0 700 270\">\r\n<line x1=\"40\" y1=\"55\" x2=\"660\" y2=\"55\" stroke=\"#062B72\" stroke-width=\"4\"\/>\r\n<line x1=\"40\" y1=\"215\" x2=\"660\" y2=\"215\" stroke=\"#062B72\" stroke-width=\"4\"\/>\r\n<polyline points=\"45,190 110,80 170,175 230,75 295,185 355,90 420,175 480,70 540,180 610,85 655,160\"\r\nfill=\"none\" stroke=\"#25D900\" stroke-width=\"6\"\/>\r\n<text x=\"500\" y=\"45\" fill=\"#062B72\" font-size=\"17\">Resistance<\/text>\r\n<text x=\"500\" y=\"245\" fill=\"#062B72\" font-size=\"17\">Support<\/text>\r\n<\/svg>\r\n<\/div>\r\n\r\n<p>Price may move between support and resistance until a new direction develops.<\/p>\r\n<\/div>\r\n\r\n\r\n<!-- 10 -->\r\n<div class=\"ausm-slide\">\r\n<span class=\"ausm-num\">10<\/span>\r\n<h2>Where Does Volume Fit?<\/h2>\r\n\r\n<p>Volume tells us how much trading activity occurred during a period.<\/p>\r\n\r\n<div class=\"ausm-graphic\">\r\n<svg viewBox=\"0 0 700 280\">\r\n<polyline points=\"40,130 120,105 190,125 260,70 330,95 400,55 470,80 540,35 650,55\"\r\nfill=\"none\" stroke=\"#062B72\" stroke-width=\"5\"\/>\r\n\r\n<rect x=\"50\" y=\"205\" width=\"35\" height=\"35\" fill=\"#DCE4EF\"\/>\r\n<rect x=\"120\" y=\"185\" width=\"35\" height=\"55\" fill=\"#DCE4EF\"\/>\r\n<rect x=\"190\" y=\"195\" width=\"35\" height=\"45\" fill=\"#DCE4EF\"\/>\r\n<rect x=\"260\" y=\"150\" width=\"35\" height=\"90\" fill=\"#25D900\"\/>\r\n<rect x=\"330\" y=\"175\" width=\"35\" height=\"65\" fill=\"#DCE4EF\"\/>\r\n<rect x=\"400\" y=\"130\" width=\"35\" height=\"110\" fill=\"#25D900\"\/>\r\n<rect x=\"470\" y=\"165\" width=\"35\" height=\"75\" fill=\"#DCE4EF\"\/>\r\n<rect x=\"540\" y=\"105\" width=\"35\" height=\"135\" fill=\"#39E600\"\/>\r\n<\/svg>\r\n<\/div>\r\n\r\n<p>Later lessons will explore how price and volume can work together.<\/p>\r\n<\/div>\r\n\r\n\r\n<!-- 11 -->\r\n<div class=\"ausm-slide\">\r\n<span class=\"ausm-num\">11<\/span>\r\n<h2>Technical Analysis Uses Patterns<\/h2>\r\n\r\n<p>Markets can sometimes form recognisable patterns.<\/p>\r\n\r\n<div class=\"ausm-cards\">\r\n<div class=\"ausm-card\">\r\n<div class=\"ausm-icon\">\u303d\ufe0f<\/div>\r\n<strong>Reversal<\/strong>\r\nPossible change in direction.\r\n<\/div>\r\n\r\n<div class=\"ausm-card\">\r\n<div class=\"ausm-icon\">\ud83d\ude80<\/div>\r\n<strong>Continuation<\/strong>\r\nExisting trend may continue.\r\n<\/div>\r\n\r\n<div class=\"ausm-card\">\r\n<div class=\"ausm-icon\">\u2194\ufe0f<\/div>\r\n<strong>Range<\/strong>\r\nPrice moves between levels.\r\n<\/div>\r\n<\/div>\r\n\r\n<p>Patterns are not guarantees. They are situations that traders can analyse.<\/p>\r\n<\/div>\r\n\r\n\r\n<!-- 12 -->\r\n<div class=\"ausm-slide\">\r\n<span class=\"ausm-num\">12<\/span>\r\n<h2>Technical Analysis vs Fundamental Analysis<\/h2>\r\n\r\n<div class=\"ausm-cards\">\r\n<div class=\"ausm-card\">\r\n<div class=\"ausm-icon\">\ud83d\udcca<\/div>\r\n<strong>Technical<\/strong>\r\nPrice, volume, trends and market behaviour.\r\n<\/div>\r\n\r\n<div class=\"ausm-card\">\r\n<div class=\"ausm-icon\">\ud83c\udfe2<\/div>\r\n<strong>Fundamental<\/strong>\r\nBusiness performance, financials and valuation.\r\n<\/div>\r\n\r\n<div class=\"ausm-card\">\r\n<div class=\"ausm-icon\">\ud83e\udde9<\/div>\r\n<strong>Combined<\/strong>\r\nBoth approaches can be studied together.\r\n<\/div>\r\n<\/div>\r\n\r\n<div class=\"ausm-highlight\">\r\nTechnical analysis focuses mainly on what the market is doing through price and volume.\r\n<\/div>\r\n<\/div>\r\n\r\n\r\n<!-- 13 -->\r\n<div class=\"ausm-slide\">\r\n<span class=\"ausm-num\">13<\/span>\r\n<h2>Different Timeframes<\/h2>\r\n\r\n<p>The same market can look very different depending on the timeframe.<\/p>\r\n\r\n<div class=\"ausm-cards\">\r\n<div class=\"ausm-card\">\r\n<div class=\"ausm-icon\">\u26a1<\/div>\r\n<strong>Intraday<\/strong>\r\nShort-term movements.\r\n<\/div>\r\n\r\n<div class=\"ausm-card\">\r\n<div class=\"ausm-icon\">\ud83d\udcc5<\/div>\r\n<strong>Daily<\/strong>\r\nA common timeframe for swing analysis.\r\n<\/div>\r\n\r\n<div class=\"ausm-card\">\r\n<div class=\"ausm-icon\">\ud83d\uddd3\ufe0f<\/div>\r\n<strong>Weekly<\/strong>\r\nUseful for broader trends.\r\n<\/div>\r\n<\/div>\r\n\r\n<p>There is no single perfect timeframe for everyone.<\/p>\r\n<\/div>\r\n\r\n\r\n<!-- 14 -->\r\n<div class=\"ausm-slide\">\r\n<span class=\"ausm-num\">14<\/span>\r\n<h2>\ud83c\udde6\ud83c\uddfa Australian Market Example<\/h2>\r\n\r\n<div class=\"ausm-example\">\r\n<strong>Imagine an ASX-listed share<\/strong>\r\n\r\n<p>The price rises from $10 to $12, pulls back to $11, then rises to $13.<\/p>\r\n\r\n<p>What might a technical analyst notice?<\/p>\r\n<\/div>\r\n\r\n<div class=\"ausm-cards\">\r\n<div class=\"ausm-card\">\r\n<strong>Higher High<\/strong>\r\n$13\r\n<\/div>\r\n\r\n<div class=\"ausm-card\">\r\n<strong>Higher Low<\/strong>\r\n$11\r\n<\/div>\r\n\r\n<div class=\"ausm-card\">\r\n<strong>Possible Trend<\/strong>\r\nBullish structure\r\n<\/div>\r\n<\/div>\r\n\r\n<p>This is an example of how technical analysis can describe market behaviour without claiming what the price must do next.<\/p>\r\n<\/div>\r\n\r\n\r\n<!-- 15 -->\r\n<div class=\"ausm-slide\">\r\n<span class=\"ausm-num\">15<\/span>\r\n<h2>Chart Detective \ud83d\udd0e<\/h2>\r\n\r\n<p>Look at the simplified price movement below.<\/p>\r\n\r\n<div class=\"ausm-graphic\">\r\n<svg viewBox=\"0 0 700 250\">\r\n<polyline points=\"40,205 110,165 165,185 230,125 285,145 350,95 410,120 480,65 545,90 650,40\"\r\nfill=\"none\" stroke=\"#25D900\" stroke-width=\"7\"\/>\r\n<\/svg>\r\n<\/div>\r\n\r\n<p><strong>What is the most obvious structure?<\/strong><\/p>\r\n\r\n<div class=\"ausm-quiz\">\r\n<button class=\"ausm-answer\" onclick=\"ausmQuiz(this,false)\">A. Downtrend<\/button>\r\n<button class=\"ausm-answer\" onclick=\"ausmQuiz(this,true)\">B. Uptrend<\/button>\r\n<button class=\"ausm-answer\" onclick=\"ausmQuiz(this,false)\">C. No movement<\/button>\r\n<div class=\"ausm-result\"><\/div>\r\n<\/div>\r\n<\/div>\r\n\r\n\r\n<!-- 16 -->\r\n<div class=\"ausm-slide\">\r\n<span class=\"ausm-num\">16<\/span>\r\n<h2>Quick Check \ud83e\udde0<\/h2>\r\n\r\n<div class=\"ausm-question\">\r\nWhat does technical analysis primarily study?\r\n<\/div>\r\n\r\n<div class=\"ausm-quiz\">\r\n<button class=\"ausm-answer\" onclick=\"ausmQuiz(this,false)\">A. Only company profits<\/button>\r\n<button class=\"ausm-answer\" onclick=\"ausmQuiz(this,true)\">B. Price, volume and market behaviour<\/button>\r\n<button class=\"ausm-answer\" onclick=\"ausmQuiz(this,false)\">C. Only interest rates<\/button>\r\n<div class=\"ausm-result\"><\/div>\r\n<\/div>\r\n<\/div>\r\n\r\n\r\n<!-- 17 -->\r\n<div class=\"ausm-slide\">\r\n<span class=\"ausm-num\">17<\/span>\r\n<h2>What You Should Remember<\/h2>\r\n\r\n<ul class=\"ausm-list\">\r\n<li>Technical analysis studies market behaviour.<\/li>\r\n<li>Price is one of the most important inputs.<\/li>\r\n<li>Volume provides information about trading activity.<\/li>\r\n<li>Trends describe the general direction of price.<\/li>\r\n<li>Patterns can help identify situations worth analysing.<\/li>\r\n<li>Technical analysis deals with probabilities, not certainty.<\/li>\r\n<\/ul>\r\n\r\n<div class=\"ausm-highlight\">\r\nNext, we'll start learning how to read price charts properly.\r\n<\/div>\r\n<\/div>\r\n\r\n\r\n<!-- 18 -->\r\n<div class=\"ausm-slide\">\r\n<span class=\"ausm-num\">18<\/span>\r\n\r\n<div class=\"ausm-complete\">\r\n<div style=\"font-size:55px\">\ud83c\udfc6<\/div>\r\n<h2>Lesson Complete!<\/h2>\r\n\r\n<p>You've completed your first lesson in the AU Stock Market Technical Analysis Academy.<\/p>\r\n\r\n<div class=\"ausm-xp\">+100 XP<\/div>\r\n\r\n<div class=\"ausm-badge\">CHART EXPLORER<\/div>\r\n\r\n<p style=\"margin-top:22px;color:#DCE4EF\">\r\nNext: Understanding Price Charts\r\n<\/p>\r\n<\/div>\r\n<\/div>\r\n\r\n<\/div>\r\n\r\n\r\n<div class=\"ausm-nav\">\r\n<button class=\"ausm-btn\" id=\"ausmPrev\" onclick=\"ausmMove(-1)\" disabled>\r\n\u2190 Previous\r\n<\/button>\r\n\r\n<button class=\"ausm-btn next\" id=\"ausmNext\" onclick=\"ausmMove(1)\">\r\nNext \u2192\r\n<\/button>\r\n<\/div>\r\n\r\n<\/div>\r\n\r\n\r\n<script>\r\n(function(){\r\n\r\nlet ausmIndex=0;\r\nconst ausmSlides=document.querySelectorAll('#ausmTA .ausm-slide');\r\nconst ausmTotal=ausmSlides.length;\r\nconst ausmProgress=document.getElementById('ausmProgress');\r\nconst ausmCurrent=document.getElementById('ausmCurrent');\r\nconst ausmPrev=document.getElementById('ausmPrev');\r\nconst ausmNext=document.getElementById('ausmNext');\r\n\r\nfunction ausmShow(n){\r\n\r\nif(n<0)n=0;\r\nif(n>=ausmTotal)n=ausmTotal-1;\r\n\r\nausmSlides.forEach(function(s,i){\r\ns.classList.toggle('active',i===n);\r\n});\r\n\r\nausmIndex=n;\r\n\r\nausmCurrent.textContent=n+1;\r\nausmProgress.style.width=((n+1)\/ausmTotal*100)+'%';\r\n\r\nausmPrev.disabled=n===0;\r\n\r\nausmNext.textContent=n===ausmTotal-1\r\n?'\u2713 Completed'\r\n:'Next \u2192';\r\n\r\nwindow.scrollTo({\r\ntop:document.getElementById('ausmTA').offsetTop-20,\r\nbehavior:'smooth'\r\n});\r\n}\r\n\r\nwindow.ausmMove=function(direction){\r\nausmShow(ausmIndex+direction);\r\n};\r\n\r\nwindow.ausmQuiz=function(button,correct){\r\n\r\nconst box=button.parentElement;\r\nconst answers=box.querySelectorAll('.ausm-answer');\r\nconst result=box.querySelector('.ausm-result');\r\n\r\nanswers.forEach(function(a){\r\na.disabled=true;\r\n});\r\n\r\nif(correct){\r\nbutton.classList.add('correct');\r\nresult.style.display='block';\r\nresult.textContent='\u2713 Correct! Good work.';\r\nresult.style.color='#062B72';\r\n}else{\r\nbutton.classList.add('wrong');\r\nresult.style.display='block';\r\nresult.textContent='Not quite. Think about the direction of the price movement.';\r\nresult.style.color='#062B72';\r\n}\r\n};\r\n\r\n})();\r\n<\/script>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.austockmarket.com\/universe\/category\/technical-analysis\/\">Technical analysis<\/a> is a method of studying financial markets by examining price movements, trading volume and chart patterns. Instead of focusing mainly on a company\u2019s financial statements, technical analysts look at how buyers and sellers have behaved in the market.<\/p>\n<p style=\"text-align: justify;\">In this lesson, <a href=\"https:\/\/www.austockmarket.com\/universe\/\">Australian learners<\/a> are introduced to the basic ideas behind technical analysis and how charts can help describe market behaviour. You will learn about price trends, including uptrends, downtrends and sideways markets, as well as the importance of higher highs, higher lows, lower highs and lower lows.<\/p>\n<p style=\"text-align: justify;\">You will also discover why volume matters and how it can provide additional information about market activity. Simple chart examples help you understand these concepts without requiring previous trading experience.<\/p>\n<p style=\"text-align: justify;\">Technical analysis does not guarantee what a share price will do next. Markets can move unexpectedly because of company announcements, economic conditions, interest rates, global events and investor sentiment. Instead, technical analysis provides a framework for analysing probabilities and identifying potential market situations.<\/p>\n<p style=\"text-align: justify;\">Throughout the <a href=\"https:\/\/www.austockmarket.com\/\">AU Stock Market Technical Analysis<\/a> Academy, you will gradually progress from basic chart reading to candlestick patterns, support and resistance, technical indicators, chart patterns, trading strategies and risk management.<\/p>\n<p style=\"text-align: justify;\">By completing this first lesson, you will have a foundation for understanding why traders study charts and how technical analysis can be used when analysing ASX-listed shares, ETFs and market indices.<\/p>\n<p><strong>Next <a href=\"https:\/\/www.austockmarket.com\/universe\/lesson-2-why-do-traders-study-charts\/\">Lesson 2 &#8211; Why Do Traders Study Charts?<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Technical analysis is a method of studying financial markets by examining price movements, trading volume and chart patterns. Instead of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"elementor_theme","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[8],"tags":[],"class_list":["post-58","post","type-post","status-publish","format-standard","hentry","category-technical-analysis-foundations"],"rttpg_featured_image_url":null,"rttpg_author":{"display_name":"AU Stock Market Universe","author_link":"https:\/\/www.austockmarket.com\/universe\/author\/asxuniadmin\/"},"rttpg_comment":0,"rttpg_category":"<a href=\"https:\/\/www.austockmarket.com\/universe\/category\/technical-analysis\/technical-analysis-foundations\/\" rel=\"category tag\">Technical Analysis Foundations<\/a>","rttpg_excerpt":"Technical analysis is a method of studying financial markets by examining price movements, trading volume and chart patterns. Instead of [&hellip;]","_links":{"self":[{"href":"https:\/\/www.austockmarket.com\/universe\/wp-json\/wp\/v2\/posts\/58","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.austockmarket.com\/universe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.austockmarket.com\/universe\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.austockmarket.com\/universe\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.austockmarket.com\/universe\/wp-json\/wp\/v2\/comments?post=58"}],"version-history":[{"count":0,"href":"https:\/\/www.austockmarket.com\/universe\/wp-json\/wp\/v2\/posts\/58\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.austockmarket.com\/universe\/wp-json\/wp\/v2\/media?parent=58"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.austockmarket.com\/universe\/wp-json\/wp\/v2\/categories?post=58"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.austockmarket.com\/universe\/wp-json\/wp\/v2\/tags?post=58"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}