hi everyone this is Gianni DePoci and I'm an
instructor over at theotrade a wonderful trading community and I want to take some time today
to walk through some of the basics of technical
analysis as well as share with you what some of
the various indicators and uh price patterns and even how candlesticks work to an extent so we're
going to walk through some of these basic steps to
kind of get you started in the study of
technical analysis so by definition technical analysis is the study of price and price patterns
you may have heard uh phrases like the trend is
your friend and we'll talk about why that is
the case and what that actually means you may have heard of technical formations like The
Head and Shoulders pattern or the uh rectangle
我們將討論為什麼會這樣，以及這到底是什麼意思。你可能聽過技術形態，例如頭肩頂型態、矩形，
00:51
or the ascending triangle for example and all of
those patterns have their place within technical analysis and when you can tie them all together
as a Trader it can helps you synthesize a really
nice story and ability to trade any given Market
but most importantly it helps you manage risk and anyone that has been in the business of Trading
long enough knows that risk management is the
most important component of trading anyone
that lasts in this business is essentially a professional risk manager this is not gambling
there's a difference between speculation and
交易最重要的組成部分。任何能在這行長久生存的人，本質上都是專業的風險經理人。這不是賭博，投機和
01:32
gambling and we can talk about some uh good risk
management strategies as well but what I want to start off with today is just understanding price
you know so what we have here is a daily chart
賭博是有區別的。我們也可以討論一些好的風險管理策略。但今天我想從理解價格開始，
01:45
of the S&P 500 Index on the screen and you know
we are fresh off of new all-time highs that were registered uh yesterday on the 24th of January
2024 and many of you have probably heard the
Old Market saying oh I want to make money by
buying low and selling high and that's great that is obviously the easiest way or so it would
seem in theory to make money but in reality most
people tend to sell and capitulate near the lows
and most people tend to buy and capitulate on the long side near the highs it's the same reason
why even just a couple weeks ago when Bitcoin
傾向在接近低點時賣出並投降，而大多數人傾向在高點附近買入並投降。這也是為什麼就在幾週前，當比特幣
02:27
made its high that most people were calling
for it to go to 100,000 and now it's coming back down pretty significantly it's dropped almost
$110,000 uh or more from from that price so why is
that it's important to understand the collective
psychology of trading and technical analysis is a really good tool to help you do that because
there are various studies and indicators that
理解交易的集體心理是很重要的，而技術分析是一個很好的工具來幫助你做到這一點，因為有各種研究和指標
02:52
can help you achieve that goal you know there's
there's a saying kind of on the periphery of trading that goes mathematics is the language of
the Gods and what regardless of what you believe um you know from from that standpoint humans
aren't as rational as you would think and it
turns out that some of this can be Quantified to
a degree mathematically and I think that's a big reason why technical analysis works now like any
other system it is not 100% accurate it is not
100% foolproof you know there is an element of
uh subjectivity and uh a level of interpretation that the technical analyst needs to apply so
it is in a sense an art in addition to the
science the science would be the purely objective
component of it and you know from the standpoint of objectivity I could sit here and tell you that
object the objective truth was that on the 24th of
know cannot be disputed because that is what we
register as the all-time high and then I could also you know objectively state that the S&P 500
closed on the 24th of January 2024 at 4,868 55
that is objective but what does that actually
mean that's where the subjectivity comes in is does that mean that stocks are going to continue
going up does it mean that stocks may go sideways
doesn't mean that stocks are going to go down so
technical analysis helps you understand um where price may go and then the question becomes well
is technical analysis predictive and I would say
這並不意味著股票就會下跌，所以
04:43
no not necessarily it's all based on probabilities
to know where you are going it helps to know where you've been and you know there's the saying that
history repeats itself but I don't think that's
不，不一定。這完全是基於機率。
04:54
exactly true I think that history Rhymes more so
then repeats and as long as history Rhymes you can find a rhythm and if you're in tune with the
Rhythm you can position yourself accordingly to
這並不完全正確。我認為歷史更像是押韻（rhymes）而非重複（repeats）。
05:10
make some profits in the market so let's go ahead
and start off by talking about price and you know there are four main points of price on any given
day so let me go ahead and zoom in so you can see
這個節奏，你就能相應地佈局，從而
05:23
a little bit more closely here and you have the
opening price which is you know self-explanatory where the open of the day is uh you have the
high price of the day which is the high price of the day you have the low and the close now
most people uh when they use candlesticks can
可以看得更清楚一點。你有開盤價，這
05:43
look at a Candlestick and tell you what all
of those uh data points are and how the market behaved on that particular day so I'm going to
walk through some uh basic candlesticks and uh
可以看著一根K線，告訴你所有這些
05:56
just explain how markets behaved uh based on the
Candlestick price action so if we go ahead and take a look for example at this low here uh back
on the 27th of October uh 2023 that was a pretty
基本的K線，並解釋市場是如何
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important day okay and so if you look here at the
Candlestick um the way it works with these is that the left side of the body of the Candlestick
where the full body is represents the open so
重要的日子。好的，所以如果你看這裡的
06:26
that would be that point right here okay right
in that corner where my curs is the closeth is the lower body and it's on the right side okay
and I'm using candlesticks but some people use
就是這個點，在這裡，好的，就在那個角落，我的游標所在的位置。收盤價是
06:39
open high low closed bars it's generally the same
concept okay so the high of that day was at $415
開高低收（OHLC）柱狀圖，概念基本上
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67 that was just um that was about $4 higher
a little bit less than where we opened so if you I'll actually zoom in real closely here it's
actually this Candlestick right here you can see
那大概比我們開盤價高出
07:02
there's like a little Wick okay and you there's
like a little wick on the you know candlesticks next to it too so what that represents is that
there was actually a price that was higher in the
上面有一根像小鬚（Wick）的東西，你知道旁邊的K線也有
07:13
S&P 500 than where it opened that day okay so it
opened right there that was the high and then you have the close right here now the this little
Wick or the shadow if you want to call it you
比開盤價更高的價格。好的，它
07:25
know some people get all you know particular about
that I think it's kind of semantical whether you call it a wick or a shadow on these candlesticks
this represents the low price of the day so the
有些人對此很計較，我認為稱之為鬚還是影線有點語義上的
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low price of the day was at $413 78 so basically
it worked like this you opened there uh and then
當天的最低價是413.78美元。基本上
07:48
the high of the day was registered at that upper
Wick the low of the day was registered at that lower Wick and then you closed right there and
because it was red you know that it it closed lower on the day okay so let me Zoom back back out
here and we can look at a couple other examples
當天的最高點出現在那根上影線，
08:04
of upd so on the on the subsequent day you had a
price Gap okay so that's what this is right here prices gapped up meaning that they opened above
where they closed the previous day that's why the
是收低的。好的，讓我再縮回來，
08:18
body of the candle on the left side here is above
where the closing part of the body of the previous candle was so we opened the next day which was
a Monday the 30th of October we opened at $4,139
前一天收盤的位置。這就是為什麼左邊這根K線的
08:33
39 and the low of the day was just slightly
lower okay it was about seven bucks lower so there's a little bit of a a wick down there
then you rallied up you rallied to a high that
當天的最低價只稍微低一點，好的，
08:48
day of $4,175 47 but then you closed slightly
off that high okay you Clos that day at 4,1 $
4,175.47美元的高點，但隨後從高點稍微回落收盤。
08:59
6682 now on the next day you can see that you
actually opened slightly above where you closed there's a little bit of a gap in between it's very
it's very little but what happened is you saw that
Gap get filled meaning that price is actually
traded below where they closed the previous day that's why the wick of the candle actually
fills that Gap but it turns out that prices were
able to Rally back above where they opened that
day and they essentially closed um right by the high because the high that day you can't really
see the the candle wick in this case because the
closing price was so close to the high of the
day the high was $4,195 55 and the close was $4,190 180 okay so I'm not going to get too deep
into Candlestick patterns today I mainly want you
to understand how they work okay so there there
are all sorts of um you know Candlestick reversal patterns but I will say this they tend to last
you know one to three days in length and as a
了解它們是如何運作的。好吧，有各種各樣的K線反轉形態，但我會這麼說，它們往往持續
10:10
rule you know they really are only significant
at certain turning points of the market so you know particular Candlestick patterns that that you
observe may not even manifest according to their
stated objective um within the midst of a trend
so give you an example looking at one right here okay I'm not going to like I said I'm not going
to spend too much time on on these Candlestick
patterns but in this particular case you had
what's called a bearish engulfing Candlestick otherwise known as an outside day if you use bars
instead of candlesticks now what that entails is
that you had the opening price of the day and the
high of the day that was above the opening price and the high of the previous day and you had the
low price of the day and the close uh of that day
當天的開盤價和當天的高點高於開盤價，也高於前一天的高點，而當天的低點和當天的收盤價
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below the close and the uh open of the previous
day the Candlestick engulfed the entire body of
低於前一天的收盤價和開盤價，K線吞沒了
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the previous day that would normally be a sell
signal but you can see here what did stocks do they rallied up for the next four days then they
paused one day and then continued up another three
days higher so that's why you know I really am
just keen on you know how candlesticks work with respect to their open high low and close because
a lot of times uh new Traders they will learn the
Candlestick patterns and they become enamored with
the idea of reversals uh happening very quickly and they start trading off the price action of
a day that's that's a mistake that I made at the
K線形態，並迷戀於反轉會很快發生的想法，他們開始根據某一天的價格走勢進行交易，這是我
11:50
beginning of my career and it's one that I hope
that you can avoid uh doing for yourself as well now if you go ahead and take a look um at this
here you had a bearish engulfing but once again
in the next day you gapped up and you know you
spent a couple days going higher but eventually you did reverse okay but if you made the trade
based on this close depending on when you when
you set your stoploss and when you entered your
trade I mean if you set it at the close you might have been stopped out if you were trading Futures
right because that's quite a big move you know depending on how many contracts you're trading you
know we're looking at an index right now you can't
actually trade the S&P 500 Index can trade the
S&P 500 futures Market but that's something I will uh talk about in a little bit but the point I'm
trying to make is that don't become so enamored
by the price action of a single day by definition
one day does not constitute a trend with respect to price action okay so now here we are uh we
can fast forward to today and you can see that
for two days in a row now obviously the market
hasn't closed yet but you know yes yesterday and today this was the case we are trading below where
we open in fact yesterday on the 24th of January
price is opened at uh 488856 so they opened right
here in the Candlestick I'm going to zoom in they opened right here okay we traded up on the day
and then we faded into the close now what does
that tell you if if buyers commanded the open but
sellers commanded the close how would you say the day ended to me that it would say that the day
Ended as a victory for the Bears okay but then
we gapped up again here on the 25th of January we
gapped up on the S&P cash index and we opened at $ 48866 we rallied to a high of $4,895 we did not
take out that previous high and once I start
talking about Trends in a little bit you you will
discover how that may be significant it's still too early to tell yet but there are starting to be
some of the preliminary signs at this point that
談論趨勢時，你會發現這可能具有什麼意義。雖然現在判斷還太早，但此時已出現一些
14:07
perhaps the Integrity of the bull trend is under
threat in the S&P 500 just in the near ter by the way okay but once again we are seeing bearers kind
of take control of the intraday Trend meaning that
初步跡象，顯示多頭趨勢的完整性在短期內可能受到威脅。但我們再次看到空頭似乎掌控了日內趨勢，意味著
14:23
we are seeing more selling pressures during
the day during the actual trading session s then during I mean now if you were to compare it
to uh let's see what would be a good example of
在實際交易時段期間，白天的賣壓比... 現在如果你要比較... 嗯，讓我們看看有什麼好的例子
14:36
where we like opened lower but then closed high on
the day um we don't really have a lot of instances like that well here's one um yeah we can use this
example right here on the 17th of January okay so
we actually gap down on the day so the previous
day on the 16th of January we closed at four uh 4,7 $65.98 price is gap down that's why the left
side of this of this candle uh is is lower okay so
we opened lower uh we opened that day at $4,733 we
traded lower trading is low as 4,714 82 but then
是比較低的。我們當天開在4733美元，交易低點在4714.82美元，但接著
15:19
Bulls woke up Bulls woke up and bid the market
higher into the close we closed uh we actually close higher than we opened we closed just a uh
yeah slightly higher than when we opened it's only
like8 cents so you know uh not the best example
but a recent example nonetheless we closed a few cents higher and that's why the candle is green
okay because you closed up on the day but this is
an example of a day that began bearish but ended
bullish okay so that that's how the candlesticks
因為當天是收高的。但這是一個以空頭開始但以多頭結束的日子的例子。好的，這就是K線
16:00
work from a purely pricing standpoint okay and
again it's for data points you can look at a you can look at a Candlestick or I should say you
should be able to look at a Candlestick and be
able to discern how the market opened what the
high was what the low was and what the close was regardless if you knew what the actual numbers
related to that price or to that that day were
okay okay so that's the beauty of candlesticks is
that with one icon or one graphic if you will you can pack in quite a bit of data you know simply
from an observational standpoint and that's very
nice okay so what I want to do is I'm actually
G to jump over to the uh SNP 500 futures okay so
棒。好的，我想做的是，我要跳到S&P 500期貨。好的，
16:55
that's es and the reason I want to do that is I
want to talk about volume okay because uh volume represents the number of in this case the number
of contracts traded per day okay if you're looking
at a stock like we can look at Apple stock real
quick uh the trading volume on Apple stock uh we can see here that on the 25th of January so far
there have been um about 31 million shares traded
一支股票，比如我們快速看一下蘋果股票，蘋果股票的交易量，我們可以看到在1月25日，目前
17:25
so far okay so a little bit below its its average
so far but all volume represents is the number of shares uh in the case of a stock or the number
of contracts in the case of a Futures Market
uh that are being transacted on that particular
day now the difference between volume and open interest open interest represents the number of
contracts in the case of a Futures Market or or
在特定日期被交易的數量。現在成交量和未平倉量的區別在於，未平倉量代表期貨市場或
17:52
a derivatives Market that are still outstanding
ones that have not been closed and you see these little dips here they coincide with the uh so
I have the open interest line drawn on the um volume bars here and what you see here this is an
looks to be an anomaly but every time the contract
rolls over because Futures contracts uh have an
expiration date whenever they roll over there's a massive liquidations all the contracts uh are
closed uh or settled in the case of a financial
product in the case of a commodity Market there
may actually be you know delivery or transference of of a particular uh commodity or good or good
that seems to be the exception nowadays but once
upon a time that was uh more so the case so that's
what the volume means it's simply the amount of transactions taking place uh on a given day okay
so you know obviously the S&P 500 you you can't
look at that but what I want to do now is go back
to the S&P 500 just for Simplicity sake and talk about what constitutes a trend so I begin the
discussion today by talking about I mentioned
the phrase the trend is your friend you you've
probably heard that phrase before circulating amongst the trading community and that's because
the trend is your friend at least the trend is
your friend until the trend ends and there are
ways to discern when a trend may be nearing its end but as a general rule the longer that a trend
goes on for the longer it will continue now that
may seem counterintuitive because you you know
you've often heard the saying well Buy Low sell high but there's also a strategy that the numbers
in the data suggest works very well M strategy
concerns buying high and selling higher we're not
going to get into that today it's beyond the scope of the discussion but that strategy works because
Trends exist and John mayard KES whether you agree
with him or not uh when it comes to economics I
certainly have my uh disagreements with him but he once astutely said that the market can stay
irrational longer than you can stay solvent so
what we need to take away from that saying is
that it's generally advisable when speculating to trade in the direction of the underlying
Trend now what constituted Trend and you know
on what time Horizon well let's answer the first
question an uptrend is characterized by a series of higher highs and higher lows so if we begin
with this low here back back in March of 2023
what do we see following it we see higher highs
and higher lows now there can be pauses in Trend in fact you can make an argument depending on the
time Horizon that you were looking at that there
was a brief pause in the trend you know between
April and June of 2023 okay but if you actually zoom out you'll see that it was just a temporary
anomaly and that's why time Horizon matters right
because you might actually observe a shortterm
be Trend within an intermediate term uptrend and a long-term uptrend as well you may observe a
short-term bare Trend within an intermediate term
sideways Market within a long-term bull Trend okay
so once I start looking at different time Horizons uh on the s&p500 it's my hope that you that will
make more sense but let's let's look at an example
of uh potential downtrend so let's go to the highs
here from July of 2023 and what do we see we see a low that didn't quite take out the previous
low so you know you could say oh well that was
a higher low but then you rallied back up and you
made a lower high so that was the first thing that Disturbed the Integrity of the existing bull Trend
then you rallied back down made another higher low
you made another lower high then it said uhoh
you started selling off and then you took out this low here you made a lower low so then you
had a series of lower lows and lower highs you were in a downtrending market in the short term
and that continued until we got to October and if
you compare the October low to the previous two
arguably even three lows it was lower but then you start to zoom out and go back and you can say
oh well the October 2023 low was actually higher
than the May 2023 low and it was higher than the
March 2023 low so again time Horizon and context MCH matters and ever since this October 2023 low
the Market's been making higher highs and higher
lows again obviously we had confirmation of the
bull Trend when we broke out to a new all-time high back in December but the first signal that
we had as Trend followers that the Integrity of
the short-term downtrend between July and October
was no longer in effect was when prices took out the high from October in November you had your
first case of a higher high which nullified the
subsequent cases of lower lows and lower Highs at
that point you could say it was a mixed Trend you had higher highs and lower lows okay then you
started taking out the previous highs then you
know the market started running away and if you
didn't follow other various technical indicators and patterns you got left behind in the dust but
I'm starting with the topic of Trends because
如果你沒有跟隨其他各種技術指標和型態，你就会被遠遠甩在後面。但我之所以從趨勢這個主題開始講，是因為
23:30
again the greatest magnitude of price moves that
take place in a market will generally occur in the direction of the underlying Trend okay so this
is a weekly chart of the S&P 500 obviously 2022
was not a good year for stocks okay but going
into 2022 you saw higher highs and higher lows stocks were at an all-time high back in January
of 2022 but then once we dropped to that low
in January that took out the low from October of
2021 that was the first warning sign you rallied back up formed a lower high and then dropped and
formed another lower low you rallied back up again
into March of 202022 you actually took out the
previous high from January but compared to the all-time high it was a lower one and then stocks
got pummeled lower and they kept making lower lows
and lower highs you then had a nice rebound
nice short squeeze into August of 2022 lower high again we dropped to new lows okay so this
was a definitely a bare Market not just from a
percentage standpoint I think it's a lot healthier
from a technical perspective to use you know a series of lower lows and lower highs to constitute
a bare Market versus the arbitrary 20% rule of
Wall Street um and to use a series of higher highs
and higher lows as a uh metric to measure bull Trends in uh a market versus the arbitrary 20%
rule so you know what happens uh if a market Falls
19% is making lower lows and lower highs is that
not a bare Market what happens if a market rallies 19% off the low you know spends several months
consolidating only to continue higher I mean you
could have used that period of consolidation to be
accumulating on the long side so again arbitrary numbers may not always be your friend is the point
I'm trying to make so let's analyze coming out of
this low you know what when did we know from a
trend following standpoint that the rally could be something special while we rallied out of this
October 2022 low we hit a high in November of 2022
it was a lower high so there was still reason to
be concerned but then we dropped into December of 2022 and formed a higher low so at that point
as Trend followers you start to I suppose open
your mind up to different possibilities so you
have your higher low you rally and you make a higher high in January of 2022 so from Simply
that standpoint from the principles of higher
highs and higher lows you could have arguably
been fully long at that point now you dropped over the next you know couple months into a low
in March but what happened again higher low higher
low compared to the previous significant low which
was in December and then stocks took off they made another higher high they kept rallying didn't stop
until July and then we had a nice correction into
October but once again what do we have we had
another higher low and now we just made a new alltime high so really if you were just following
the trends okay the trend following principles
另一個更高的低點，現在我們剛創下了歷史新高。所以真的，如果你只是跟隨趨勢，好的，跟隨趨勢的原則，
26:59
it was basically oh me let me rraw that for you
it was basically by right around here okay when
那基本上就是——哦，讓我幫你畫出來——那基本上就是在這附近買入，好的，當……
27:10
you took out this high from here and you had the
higher low so you had the higher low compared to the low in October of 2022 in December of 2022 and
then you had the higher high in January of 2023
compared to the high in November of 2022 okay and
so now as stocks are selling off a little bit here in the near term after hitting a new all-time high
what would we theoretically look for in order to
好的，那麼現在，當股市在創下歷史新高後於近期稍微回檔，我們理論上應該尋找什麼來
27:47
reinforce the Integrity of the uptrend we would
look for another higher low okay so you know we look for a low and in theory you know even if we
follow way down here we don't want to see this low
taken out that's then that disturbs the Integrity
of the uptrend so I think by now you get the idea but one last thing I want to touch on while we're
on the discussion of Trends has to do with you
know the duration of these Trends or I should say
you know Trends within Trends so obviously you know you had the global financial crisis of 200829
you know markets dropped then and I actually want
to take a look at the NASDAQ we look at the NASDAQ
100 um in this case just to mix it up a little bit but you can see here that you know the NASDAQ
didn't take out that high from October of 2007
following but what has been you know the biggest
moves where have they been they've been to the upside comparatively speaking all the moves to the
downside since 2008 have been significantly less
uh in magnitude compared to moves to the upside
and that is another characteristic of a bull Trend okay so you know you can look here at the NASDAQ
100 and see long-term higher highs and higher lows
you had a period here in two uh 20 2015 2016 where
markets went sideways for almost two years they did nothing then you had a period here you know
in 2018 2019 where markets didn't do all that much
either and then obviously you had a period in 2022
where markets actually fell pretty significantly so those were pauses within the longer term bull
Trend and you can even make an argument that you
know you had a little period here in 2011 uh
and even a little bit of a period there in 2012 but aside from that you know you had pretty clear
trending markets 2013 2014 2017 2020 2021 2022 was
down and 2023 was a really good year okay so again
know where you are in the trend the trend is your friend until the trend ends so I think you've had
enough of my uh discussion on Trends we'll move
on to the next subject um but I wanted to start
off with trends you know in terms of conceptual matters after um you know how candlesticks
work because it's it really is so important
to understand the directional bias of markets okay
now obviously when the trend rolls over it's going to happen first on the shorter time interval
okay so even if you're in a longer term bull
Trend that's about to turn bearish it's going to
turn bearish first on the short-term interval mean meaning that you'll see a series of lower lows
and lower highs across a couple of months before
趨勢即將轉為熊市，它會先在短期週期轉為熊市，意思是你會在幾個月內看到一系列的更低低點和更低高點。
31:01
you know you'll see it across a couple of quarters
or even a couple of years right or take it a step further you'll see lower lows and lower highs form
across a couple of days or weeks before you see it
happen across a couple of months or a couple of
quarters okay now the next uh thing that I want to talk about with you has to do with support and
resistance that may be another technical concept
that you've heard before uh but it is a very
important one because it turns out that these are really good ways to measure supply and demand on
a particular chart and the way that I use support
你可能以前聽過，但它非常重要，因為事實證明，這是衡量特定圖表上供需的好方法，而我使用支撐
31:42
and resistance um I like to give a greater waiting
to horizontal levels of support and resistance versus sloping support and resistance well what
does that mean Johnny well I explain that in
the moment but I'm going to start off on you know
longer term time scales because you know whenever a longer term level of support or resistance
breaks it is more significant but what does
但我要從較長的時間尺度開始，因為當長期的支撐或阻力位被突破時，其意義更為重大，但這是什麼意思呢？
32:08
that mean well seeing support or resistance break
on a monthly weekly or daily time interval are not equal I would argue it's more significant to
see support or resistance break on a monthly time
scale versus a daily time scale so for example
going back to you know the NASDAQ 100 here you had resistance a a Zone where you know sellers
came into the picture I wanted a trend line there
舉例來說，回到那斯達克100指數，你在這裡遇到阻力，一個賣方進場的區域，我想要畫一條趨勢線。
32:38
there we go where you had sellers that Drew a
little there we go you had clear selling activity in this Zone you know between at the time 2 and uh
2400 give or take it's pretty crazy to think that
the NASDAQ 100 Once Upon a Time was back in that
price Zone okay now the reason I drew two lines is because I think that support and resistance zones
are just that they are zones versus hard lines
好了，我畫兩條線的原因是，我認為支撐和阻力位是區域，而不是硬性的直線。
33:13
right so if I were to draw a line like this okay
just one line You'll see examples where the market will trade above it even close above it then go
back below it's because the these are zones of
congestion versus hard lines okay so this was a
resistance Zone okay um and then you had another resistance Zone I would argue on this monthly
chart you know here between 4600 and like 4,800
okay and I'll zoom in and show you some you know
closer examples so it's easier to see then you had a Zone there you know 7,800 8,000 uh resistance
and then you had uh some congestion here like
in the 10,800 11,000 area too okay so this is
where some of the subjectivity of technical analysis can come in you have to look for areas
of price congestion and wherever prices congesting
or spending time either being rejected to the
upside or the downside are more often than not support or resistance zones okay so even more most
recently okay you can see the NASDAQ 100 there was
無論何時，只要價格在某個區域整理，或是花費時間在該區域被向上或向下拒絕，多半就是支撐或阻力區。
34:27
some resistance here in the you know 15,000 16,500
Zone okay now one key thing to to understand with
就在最近，你可以看到那斯達克100指數在15000到16500點的區域有一些阻力。
34:39
support and resistance is that whenever resistance
breaks to the upside that price Zone becomes support whenever support breaks to the downside
that price Zone then comes becomes resistance
so we'll look at some uh some more practical
examples on shorter time intervals so you can see it better so we'll go to the weekly chart I'll
delete these drawings okay and we'll look at some
所以我們會看一些在較短時間間隔上的實用例子，讓你更清楚，我們切換到週線圖，我會刪除這些畫線。
35:06
more shorter term levels of you know support or
resistance so you had I would argue you had some resistance here in the nasac on the weekly here
around 15,000 uh and then you know call it here
like 15,500 okay and we I say that because you
saw prices kind of get rejected to the upside here fell back down rallied back up it was above
there a little bit and they they kind of extend
I'm actually going to change my change my type
of drawing um because I think you can get let's see here um maybe not I'll just extend it to the
right extend to the right okay because the these
zones go on forever basically okay so we see that
it looks like this 15,200 15,000 you know or uh 15, 700 that's not exactly a straight line that's
why I was off and we would draw that for you there
you go I'd shot like that it's probably easier
yeah that was a better line there so you can see here how there's been some uh price congestion
in this zone between 15,200 300 and 16,300 okay
you saw prices trade in that zone at the end of
2021 and then when you broke back below it what do you see on the subsequent retest in March of
2022 you saw prices re be rejected you saw former
resistance or excuse me former support which was
support here become resistance and then I would argue you had some right here too in the 13, 500
area you know even right around here 12,600 okay
so you saw even when prices were selling off when
we began the market correction in 2022 we bounced off support and then we rallied up to resistance
we dropped back into support fell below it rallied
back up to it in August of that year were rejected
again at resistance which was formerly support and fell back lower when the rally started we saw the
initial rejection in this price look look where
the the Shadow or the wick of the candle was right
in that resistance Zone and was formerly support we traded back below it got back into it spent a
few weeks consolidating and finally broke above
我們交易價格回落至其下方，然後回到該區間，花費幾週時間進行盤整，最終突破
37:37
it and then it became support okay and if you even
want to get into it you can say you know there's some resistance or there was some resistance or
support there we finally broke above it okay and
then when stocks rallied into July of 2023 we
were rejected at longer term resistance dropped back below it fell into longer term support
found a higher low and rallied back higher
okay so now let's do this on an even shorter time
interval because it's it takes it's going to take a while for you to train your eyes to do this
and like anything else you're going to need to
spend time looking at charts okay you need need
to draw these support and resistance zones in order to start to see them otherwise it's just
you know I guess uh lines on a screen you know
they make fun of technical analysis online of
just random lines on the screen like your your charts should be clean okay so let let's look at
some short-term support and resistance levels here
um on the NASDAQ 100 so you have you know this
12,000 um $900 area actually we draw a little bit lower let's put like 12,700 there okay you
can see prices spent some congestion there okay
prices were rejected here they got rejected
again they finally broke above it they came back down retested it started to Rally higher
okay once we got into this Zone here okay we
價格在這裡遭到拒絕，再次遭到拒絕，最終突破其上方，回落重新測試，開始反彈走高
39:21
saw prices come down from the high in July so
would tell us there's probably some resistance in this 15,700 Zone to 15 uh 16,000 okay you
could even draw a support line because you saw
prices spend some time in the zone between
14,300 and 14,600 okay but let's look at
價格在14,300到14,600之間的區域花費了一些時間，好的。但讓我們看看
39:55
this particular example uh the resistance zone
between 15,700 and 16,000 so we saw prices get rejected by that once twice almost the third time
before finally trading into it and spending you
know about a month in there okay so this was
clearly a very important level of resistance and once we broke started to break above it it
became support and we almost came back down to
retest it earlier in January and then we just
continued higher so now I would say you have some resistance now or it was resistance
now support in the 16,800 $177,000 area
we break below that support Zone in the
16,000 uh what that 16,800 177,000 area that will then become resistance we could
come back down to retest this you know
we're now we're forward looking but this is how
support and resistance works okay that's how it works horizontally now I want to draw trend lines
because trend lines can offer sloping or diagonal
levels of support or resistance okay and I prefer
horizontal lines and you can see why because uh
水準的支撐或阻力位。好的，我比較喜歡水平線，你可以看到為什麼，因為
41:45
there there's been instances where prices will
spend time you know congesting in those levels um but here's an example of a trend line so by
definition you need to have at least two lows uh
for a trend line to matter or to be drawn okay so
you had a low here in March of 2023 and you had a low here in April of 2023 we then bounced off it
again in May and followed it pretty closely almost
hit it again a second time in May and then rallied
higher now I view breaks of horizontal levels of support and resistance is more significant than
sloping ones because there there's always a a
connotation whenever support or resistance breaks
there is a bearish connotation when support breaks and there's a bullish connotation when resistance
breaks so we broke this upward sloping trend line
here in August but markets didn't exactly collapse
right they kind of just went sideways now then we had a a downward sloping trend line drawn there
and then we broke back above it you know after
但市場並沒有因此崩盤，對吧？它們只是橫向整理。然後我們畫了一條下降趨勢線，接著在一次測試後，
42:53
one test okay and so then that's not a really
strong trend line they become stronger the more lines that they have okay so I'll delete this one
you can see that the trend line that started here
from the July High you had it tested here in uh
well it was drawn after the high in August it was tested again in September it rejected tested again
in October and rejected and then it finally broke
above there okay then if you have this upward
sloping trend line if you drew it there we broke it recently but guess what we saw it tested
a third time and then it broke on the fourth time
did the market collapse low or no what happened we
rallied higher so to me when these sloping trend lines are broken it's more of a signal that the
rate of ascent or the rate of descent the rate
市場崩盤了嗎？沒有，發生了什麼事？我們反而上漲了。所以對我來說，當這些傾斜的趨勢線被突破時，
43:51
of ascent in the case of an upward sloping trend
line or the rate of descent in a power sloping trend line are no longer intact so let's actually
zoom out look at some other examples so you know
更多是意味著上升或下降的速率不再保持完整。讓我們實際上放大看看其他例子。
44:02
what if what if you drew it like that okay so
that's why I I'm not not really a fan of sloping trend lines because they can be pretty arbitrary
you know what if you what if you use that line
instead what if you use this line instead you know
there's always another high to draw it from in the case of a downward there there's another low to
draw from on upward so that that's my you know
personal take on it it may you may find it works
better or differently for you um but you know you look at this trend here you the trend line
there we broke it on really the only the second
你可能會發現它對你來說效果更好或不同。但你看這裡的趨勢，我們在第二次測試時就突破了趨勢線，
44:43
test because it was drawn after the first you know
point and you know on this example here you broke it only corrected for a couple months and then
resumed back higher so those weren't as meaningful
因為它是在第一個點之後才畫的。在這個例子中，你突破了它，只修正了幾個月，然後又恢復上漲。
44:56
in in my view as the the horizontal breaks of
support and resistance okay so that's enough of the whole concept of support and resistance for
now what I want to move on to now is the whole
所以在我看來，這些不如水平支撐與阻力位的突破有意義。好了，關於支撐與阻力的概念就講到這裡。
45:11
concept of indicators okay so starting off on
the concept of indicators we are going to look at the RSI indicator which is displayed on the
bottom of this chart here I like to use the RSI
現在我想繼續講的是指標的概念。從指標的概念開始，我們將看看 RSI 指標，它顯示在這張圖的底部。
45:25
indicator you may like to use stochastics or macd
or you know whatever else you may use sometimes I use the commodity Channel index the CCI uh
for various commodity markets but when I trade
我喜歡使用 RSI 指標，你可能喜歡使用隨機指標、MACD 或其他你可能使用的指標。有時我會使用商品通道指數 CCI 來交易各種商品市場，
45:38
stocks or currencies or bonds I'm using the RSI
indicator and it's important to understand that indicators are secondary in nature when it comes
to making a discernment or a judgment on a chart
we are not trading the indicator we are trading
price price is the ultimate indicator and that's why for the majority of this video I've spent
time discussing what price means on a chart
and various tools with respect to price and I'm
not even done because we're going to talk about price patterns you know kind of touch on the
surface of price patterns uh once we finish the discussion on indicators but indicators really
are meant to serve as confirmation okay what does
that mean well they're there to either confirm
the presence of bullish momentum in a bull Trend or the waning or lack thereof in a bull Trend or
they are there to confirm bearish momentum in a
這意味著它們的存在是為了確認牛市趨勢中的牛市動能，
46:48
bare Trend or the waning or lack thereof Okay
so we talked about trends for quite a bit of of time in this video and in the NASDAQ 100 we
clearly see an uptrend right now in looking at
好的，我們在這段影片中花了相當多的時間討論趨勢，
47:03
the RSI indicator the way this one works is that
you have an overbought reading above 70 and you have an oversold reading below 30 so when you have
whenever you have an overbought reading above 70
關於 RSI 指標，它的運作方式是：
47:16
it tells you that there is an overwhelming number
of bulls or overwhelming number of buyers present in a market now now for those that are new to
this game that can be frightening because you
它告訴你市場中存在著壓倒性的多方力量或買方。
47:29
may be accustomed to the phrase Buy Low sell high
oh no the Market's overbought the RSI indicator is above 70 I should sell short well let me ask
you this um was this necessarily an area to sell
「哦不，市場超買了，RSI 指標高於 70，我應該做空。」
47:44
short sure but we're missing part of the picture
and you'll see why uh was this a good area to sell short nope was this a good area to sell short
nope was this a good area to sell short short
當然是，但我們還缺少一部分的畫面，你會明白為什麼。
47:56
nope was this a good area to sell short it was a
better one why well because we had what's called a case of bearish Divergence in price in the RSI
indicator now was this a fantastic area to sell a
不是，這是個好的做空區域嗎？不是，但後面有一個更好的區域。
48:09
short not really because the magnitude of the drop
wasn't that fantastic you would have had to hold a counter Trend position for a month and that's
not very comfortable I can tell you that okay
其實不然，因為下跌的幅度並沒有那麼驚人。
48:22
now we see that again a case of bearish Divergence
stocks rally to a new all-time high and we have a lower reading on the RSI indicator now admittedly
the NASDAQ uh 100 is not the best example because
現在我們再次看到熊市背離的情況。
48:34
it's been so bullish but it is a good example in
showing how a large number of buyers as indicated a market that is overbought per the RSI indicator
is not inherently bearish and that's why I wanted
但它是一個很好的例子，展示了當 RSI 指標顯示市場超買時，
48:49
to display this for you here okay so you can see
how many overbought readings we've had in the last year you've had one two three four five six 7
8 nine 10 so per the RSI indicator you've had
好了，這樣你們可以看到在過去一年中有多少次超買訊號。
49:06
10 significant periods of it being overbought is
the NASDAQ 100 something you wanted to own in the last year yeah I would argue so I I would argue
that the NASDAQ 100 is something that you wanted
NASDAQ 100 是你們在過去一年想要持有的東西嗎？
49:20
to own and so that's why overbought is actually it
can be bullish it can be bullish because there's a overwhelming number of buyers okay so don't just
become so enamored with these you know Divergence
所以這就是為什麼「超買」實際上可以是看漲的，
49:34
signals and you you know start trading against
the trend immediately now let's look at a weaker Market in the Russell 2000 okay and I'm actually
going to zoom out here because the Russell 2000
然後立刻開始反向交易。
49:46
has been the weakest stock index for quite some
time and here's a really good example of bearish Divergence what does that mean well look look at
what happened the Russell 2000 hit an all-time
在很長一段時間以來都是最弱的股票指數。
49:59
high the last time the Russell 2000 which is
a small cap index hit an all-time high was in November of 2021 and we haven't gone back to
those highs ever since meanwhile the NASDAQ 100
羅素 2000（一個小型股指數）上一次觸及歷史高點是在 2021 年 11 月，
50:12
the S&P 500 the na uh the da Jones have all
hit new all-time highs so not all stocks are created equal but look at the magnitude of this
Divergence and how long it went on for this was
所以並非所有股票都是一樣的。
50:30
a Divergence that was in effect for basically
what was it the high was the previous high was like in March and then in November so 8 months
so you had eight months of bearish Divergence it
所以你們經歷了長達八個月的熊市背離。
50:46
was very wide the prices on this all-time high
you couldn't even get an overbought rating on the RSI indicator that that is a big signal that
upside momentum has waned and so the longer that
這是一個很大的訊號，表明上漲動能已經減弱。
51:01
the Divergence goes on for and The Wider that the
Divergence is in the case of bearish Divergence the more powerful of a sell signal it becomes
once you get confirmation from price now it can
現在它可以...
51:15
give you an idea of when you want to reduce your
profits or start to you know raise cash take some chips off the table it's very helpful in that case
okay but I find it more useful to confirm in the
讓你了解何時應該減少獲利，或開始你知道的，獲利了結、收回部分資金，在這種情況下非常有幫助
51:30
direction of the trend or to let you know that hey
the momentum of the trend is starting to WAN and per physics we know that an object that changes
directions will lose momentum before direction
根據物理學我們知道，一個改變方向的物體，在方向實際改變之前動量會先喪失
51:46
is actually changed okay so this momentum loss
to the upside in the Russell 2000 was going on for eight eight months and and then we started a
bare Market lower lows and lower highs right lower
lows and lower highs we took out this low you know
we took out that low comparatively here rallied back up lower high then we definitely made a new
low made another lower high then we registered
又形成了一個更低的高點，然後我們在RSI指標上記錄到一個超賣的讀值
52:09
an oversold reading on the RSI indicator okay
so that told us on the weekly time scale which is pretty significant in the Russell 2000 that
in May of 2022 there was an overwhelming number
of buyers okay so when you have or excuse me an
overwhelming number of sellers let's make sure that's very clear when you have an RSI indicator
reading below 30 you have an overwhelming number
所以RSI指標在2022年5月就向你發出了羅素2000指數處於熊市動能狀態的警訊
52:38
of sellers so the RSI indicator alerted you to the
bearish momentum regime in the Russell 2000 in May
然後它做了什麼呢？你知道的，在接下來的一年半裡，幾乎沒什麼動作，真的沒什麼動作
52:51
of 2022 and what did it do you know for the next
year and a half pretty much nothing pretty much nothing okay you have some resistance here in
that zone so that that's a level of resistance
好的，現在我們在羅素2000指數中看到了什麼？我們看到一個持續數月的廣泛牛市背離
53:06
okay now what do we see now in the Russell 2000 we
see a wide multi-month case of bullish Divergence price hit new multi-year lows with a six-month
case of bullish Divergence prices made new low
價格創下新低，但RSI指標沒有，這意味著下跌動能減弱
53:21
but the RSI indicator did not that means that
downside momentum w have we had a nice rally off of that low yes did we make a higher high
yes are we trying to make a higher low yes the
trend could be changing in the Russell 2000 this
is what we need to pay attention to and the RSI indicator gave us an indication that the trend
could be changing beforehand okay so there are
如果你使用Thinkorswim，無論你用什麼圖表軟體，你知道的，你可以把它們放到你的圖表上
53:48
other indicators that can be used you know there's
stochastics and you can mess around with that here um you know you can if you use think or Swim
whatever charting software you have you know you
好的，我們切換到羅素2000指數，我兩個指標都放在上面，你實際上在這種情況下並沒有看到最廣泛的背離
53:58
can drop them into um you know your charts let me
see uh stochastics slow I use a slow stochastic if I ever do you know and it's kind of the same same
principle you want to look for divergences okay so
所以指標方面，你知道的，找到適合你的就好，但基本原則是一樣的，你想要在市場轉折點尋找背離的實例
54:14
we go to the Russell I have both of them on here
you actually didn't really have the you know the widest Divergence in this case but you did have
Divergence at the upside here so indicators you
好的，讓我關掉那個隨機指標，好讓螢幕保持乾淨給你看，因為現在我想做的是談談一些價格型態
54:28
know find what works for you but the general
principle is is the same you want to look for instances of Divergence at Market turning points
and when you're making new highs and you're and
因為上面有很多好的價格型態，關於價格型態要理解的一點是，它們是會變動和演變的
54:40
you still want to keep a directional bias you
want to see confirmation okay let me get that stochastic off so I can keep the screen nice
and clean for you because now what I want to do is I want to talk some price patterns okay so
this is something that's very near and dear to my
在這裡跌破了我們所說的圓弧頂型態
54:54
heart and we're going to go back to the S&P 500
for this because there's a lot of uh good price patterns on here and the thing to understand with
price patterns is that they are subject to change
有持續型態，這意味著你是在趨勢持續期間觀察到的型態，還有……
55:05
and evolution they are not inherently um you
know fixed they they can evolve right and if we go back to the to the you know weekly chart
here you know you can see that the S&P 500 you
如果你使用Thinkorswim，無論你用什麼圖表軟體，你知道的，你可以把它們放到你的圖表上
55:19
know back here broke down from what we would call
a rounding top formation I'm obviously not going to have time to take you through every single uh
chart pattern there is but there's generally three
different categories of what I call in chart
patterns there are continuation patterns which means there there are patterns that you observe
um during the continuation of a trend there are
好的，我們切換到羅素2000指數，我兩個指標都放在上面，你實際上在這種情況下並沒有看到最廣泛的背離
55:41
reversal patterns that indicate the reversal of a
trend and there are momentum patterns that often present themselves when a uh Market is about
to see an acceleration of momentum either to
反轉形態，用於指示趨勢的反轉；而動能形態則通常在市場即將出現動能加速時出現，無論是向上或向下加速。
55:54
the upside or downside and truth be told there's
a lot of overlap between continuation and momentum patterns so that's an example uh you know of
a potential topping formation in the S&P 500
on the weekly time scale you know you could um
you know make an argument that you had um you know an inverted Head and Shoulders formation
back here and chart patterns like anything else
it's going to be something you're going to have
to spend some time uh observing uh I prefer to use horizontal uh levels uh when it comes to the
neckline of The Head and Shoulders or inverted
Head and Shoulders formations you know you could
look here and say oh this was a descending price Channel which is a continuation pattern uh Head
and Shoulders formations do have a tendency to
你可以看這裡並說，哦，這是一個下降價格通道，這是一個持續形態。頭肩頂形態確實傾向於演變成反轉形態，
56:43
unfold as reversal patterns however the caveat
is you actually need to break the neckline so and so we did break the neckline in this case
um as represented by this downward sloping trend
line but but there are instances and I'll show
you a more recent one in which necklines are not decisively broken where you actually see Head
and Shoulder patterns uh resolve as continuation
patterns okay um and I'll show you an example of
that just not not long ago I remember because we were talking about it in the theotrade chat room
and so you have what was potentially a neckline
there a left shoulder there a head here and a
right shoulder here now there are problems with this particular Head and Shoulder formation one
of the biggest ones being is that when you look
when I look at head and shoulders and I want
to see it unfold in a bearish manner I like to see the high within the right shoulder be lower
than the high of the left shoulder and that was
not the case here so that told me at that time
that something was inherently wrong with this head and shoulders but you know if if we were to
draw the neckline you know in this Zone here and
這在當時告訴我，這個頭肩頂形態在本質上是有問題的。但你知道，如果我們在這裡的區域畫出頸線，
57:58
I were to use you know this as the right shoulder
instead of uh this right here and actually I could have included that with the head you know then
it would have been a little more bearish right
so can delete that that could have been a little
more nasty delete this too so you can see what I'm talking about so this is what I'm talking
about there's an element of subjectivity that
the chart analyst needs to employ so we actually
did break below the neckline but it didn't last for long what do we have we had a case of bullish
Divergence you can't really see it all that well
here but the RSI indicator did not make a new low
in October and prices springboarded higher okay we ripped higher so it was a false breakdown uh
it's beyond the scope of today's discussion but
that does happen and those um there's a saying
that goes from false moves come fast moves and you can see it was a very fast move now you look
look here you get a little bit of a continuation pattern ascending triangle that's a continuation
pattern you get another one you know you can
either call this a rectangle or you know I would
call it more of a rectangle these are continuation patterns and you see them unfold when the trend
is about to continue but again you need to have
confirmation via a close above uh resistance
in this case of a continuation uh and that's represented by the upper horizontal trend line the
triangle or the upper horizontal trend line in a
rectangle so to show you an example of a market
that's been in a downtrend with that let's look at um the yield on the 10-year treasury okay
I'm actually going to go to the longer term
um oh actually we want to do because that's an
uptrend we're going to look at um but I already have some price patterns drawn on here for you so
you have this um inverted Sofer that was drawn on
here okay it broke below that and then um you
know we fell just short of our price objectives rallied back up um I wish let me see maybe the
shorter term treasury that's probably a better
ZF yeah we kind of had the similar patterns but
what you see back here is you had a rectangle that's a good example there we probably have it
in ZN to continuation pattern we were already
printing lower lows and lower highs if you
go to the monthly chart okay on the short term you Consolidated the losses which is
essentially what a rectangle formation is and you started selling off to the downside
so let me actually go back to the 10year
note and sometimes instead of a rectangle you
can see an ascending Channel but what are those those are continuation patterns you get a little
bit rectangle there okay so when you draw price
patterns you're going to have sloping trend lines
in some cases you will have a parabola that's how this is supposed to be you know inverted saucer
but you know not always um you know available on
the various uh charting programs that you use so
um that's kind of a very quick introduction to price patterns the way I like to trade is I like
to look for Price patterns that either confirm the
嗯，這就是對價格形態的一個非常快速的介紹。我喜歡的交易方式是尋找能夠確認趨勢方向偏向的價格形態。
1:01:18
directional bias of the trend so you know in the
case of a bull Trend like we've identified here in the S&P 500 you know I'm looking for continuation
patterns okay and so we drew what could have been
descending price Channel and what is a descending
price channel it's a continuation pattern okay prices were channeling they Rose higher
another continuation another continuation so now
we'll see how stocks shake out now definitely seen
some sell signals in the near term uh I didn't get a chance to touch on B Ballinger bands yet so
we'll touch on that real quick that's another indicator I use that's the um kind of this band
that is wrapped around the price of the S&P 500
and what Ballinger bands do is they help you
measure how many standard deviations away from from the mean a market is so per the principle
of mean reversions the more standard deviations
a market is away from its mean and the longer it
goes on the more likely it is you are to see a mean reversion so you know you can see here that
when we had the low back in October of 2023 you
had a case of bullish Divergence in price in the
RSI indicator that indicated down side momentum was waning we were below the lower Ballinger
ban that signaled that we were more than two
standard deviations away from the mean and you
know you were testing well depending on when you drew the trend line you were starting to break
below uh the trend line so it opened the door
for a false breakdown okay so the important
thing to understand as we tie up the ends on this video in this educational session is that
there is an element of subjectiv and room for
它絕不是一門精確的科學，但它讓你能夠有效地管理風險。現在談到風險管理，我確實想簡單地談一下。
1:03:25
interpretation and technical analysis it is not an
exact science by any means but all it let lets you do is manage risk effectively now when it comes
to risk management I do want to talk about that
very briefly you need to be having stop losses
on your positions you need to be sizing your positions accordingly I trade a little bit
differently in terms of position position
sizing whether I'm trading futures or stocks when
I'm trading stocks I will never risk more than 1% of my portfolio On Any Given trade I usually
divide My Equity portfolio into uh you know 10%
uh segments per position sometimes it's even as
small as 5% um and I usually cut my stop losses within uh 8 to 10% of you know their U their
entry when I trade Futures I'm a little more
aggressive because it's a leveraged market and
um that that's where I Look to You Know generate income and I usually you know divide my account
into you know um four to five you know basically
position sizing 20 to 25% if I cut my losses in
the you know 10% range I can afford to be right as little as one out of four times assuming
my average winner is around 30% and still be
a profitable Trader so that's where it comes
into play Do You Want to Be Right or do you want to make money because normally I wouldn't
take life advice from someone who's right only 25% of the time but I'm in the markets to make
money and if I can be profitable being right
成為一個獲利的交易者。所以這就是關鍵所在。你是想證明自己是對的，還是想
1:04:58
just as few as 25 as little as 25% I'll take
those odds to the bank uh all day every day so I covered a lot in this video um there's
definitely more where you can get this type
25% 的情況下依然獲利，我會天天都接受這種勝率，
1:05:13
of educational content and it's at theot trade
uh we have our chat room uh where we educate and share actionable setups with our trading uh
members and we have no shortage of educational
教育內容，那就是在 theot trade，呃，我們有聊天室，呃，我們在那裡教育
1:05:26
content from myself and other instructors so
I hope to see you in the theotrade chat room and until next time Johnny dep Poe signing off
for theot trade thanks for watching everyone
豐富教育內容，所以我希望能在 theotrade 聊天室看到你，
The Only Technical Analysis Video You Will Ever Need... (Full Course: Beginner To Advanced)
📝 影片摘要
本單元由Gianni DePoci講授技術分析的基礎知識。課程從價格行為（Price Action）入手，解釋了K線的構成（開高低收）及其背後的市場心理。接著深入探討了趨勢分析，強調順勢而為（Trend is your friend）的重要性，並透過高低點的排列（更高的高點/低點）來定義趨勢。講者詳細講解了水平支撐與阻力（Support & Resistance）的識別與轉換，以及指標（如RSI）的滯後性與背離訊號。最後，課程涵蓋了價格形態（如頭肩頂、三角形）及風險管理，強調交易是機率遊戲，而非賭博。
