Technical analysis is the art and science of reading price action on a chart. Here is a quick reference guide that can be used as a cheat sheet.
A range bound market can be identified by horizontal upper resistance and horizontal lower support.
When price breaks out of a trading range it can signal the potential for a new trend in price:
Trend lines are a way to identify a current trend by connecting vertical levels of price resistance and support on a chart.
The MACD can signal the beginning of swings and trends on a chart:
RSI can be used to establish the risk/reward ratio on a chart from 30 oversold to 70 overbought:
Moving averages can filter for trends on a chart in the timeframe of the moving average:
Chart patterns can signal breakouts, reversals, and continuations of current price action:
The best use of technical analysis is for quantifying buy signals, minimizing losses by setting stop losses at key price levels, and using trailing stops to maximize gains.