Technical analysis is not about predicting the future; it is about studying the past to calculate probabilities. A true masterclass in technical analysis transforms you from a reactive trader into a proactive one.
Once a resistance level is decisively broken to the upside, it routinely flips and becomes a new support level during subsequent retests. Conversely, broken support levels frequently flip to become strong future resistance. 5. Classic Chart Patterns for Breakout Trading trading technical analysis masterclass pdf
Never risk more than 1% to 2% of your total trading capital on a single trade. If you have $10,000, risk no more than $100 per trade. Technical analysis is not about predicting the future;