Technical analysis for beginners: candles and patterns for stock market investing

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I am a long term investor. Having said that, I have always taught the importance of technical analysis for investors. Fundamental analysis is the most important, but technical analysis can be leveraged for better entry and exit points. When using the average dollar cost, technical analysis can provide probabilities of support levels and buying opportunities.

I have been investing and trading for over 20 years, and have found that the techniques help me provide an excellent cost base for my long term investments. Of course, improving the entry points and cost base will dramatically improve long-term performance, and along with the lineup, this can have a significant impact on net worth. I believe technical analysis is the key to outperformance and financial freedom, and it is sadly overlooked by many long-term investors. That being said, this information will be useful to both traders and investors alike, so keep reading.

In the video below, I will teach you the basics of candlesticks, candlestick patterns, and chart patterns. Topics include:

  • japanese candlesticks
  • Simple candlestick patterns
  • Double candlestick patterns
  • Three candlestick patterns
  • Bearish reversal candlestick patterns
  • Upside Down Reversal Candlestick Patterns
  • Reversal chart templates
  • Continuation diagram templates
  • Bilateral Chart Templates
  • And much more

One of my biggest holdings is the Invesco Nasdaq Trust 100 QQQ (NASDAQ: QQQ), and I use this ETF in several examples throughout the video. Please watch and subscribe.

* The share prices used in the video below were on the trading day of December 23, 2021. The video was posted on December 23, 2021.

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* Returns of the portfolio advisor as of December 16, 2021

Eric Cuka owns the Invesco QQQ trust. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Eric is an affiliate of The Motley Fool and may be remunerated for promoting his services. If you choose to subscribe via his link, he will earn extra money to support his channel. His opinions remain his own and are unaffected by The Motley Fool.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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