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Price Action Encyclopedia Index

Encyclopedia

Support, Resistance, and Basic Patterns

Imported Al Brooks course pages for Support, Resistance, and Basic Patterns.

Lessons

Study sequence

Study notes
22/34
Queued
12
Slides
611
  1. Study note 28 slides

    19A - Support and Resistance

    • What is support and resistance (S/R)?
    • S/R, not news, controls price
    • Monthly charts need monthly stops
    • +1
  2. Study note 24 slides

    21A - Reversals

    • What is a reversal
    • Minor and Major Trend Reversals
    • Reversals can begin with breakouts
  3. Study note 21 slides

    21B - Reversals

    • Reversal is earliest entry
    • 80% rule
    • Cup and Handle
  4. Study note 21 slides

    21C - Reversals

    • Beginners love reversals
    • Buying and Selling Pressure
    • Nested pattern
  5. Study note 23 slides

    21D - Reversals

    • 40% winner
    • Ten Bars, Two Legs (TBTL)
    • Most reversals are Double Top or Bottom
  6. Study note 17 slides

    24A - Wedges

    • What is a Wedge?
    • How to draw lines
  7. Study note 21 slides

    24B - Wedges

    • Wedges rarely perfect
    • Most channels are Wedges
    • Wedge variations
  8. Study note 20 slides

    24C - Wedges

    • Bad Wedges are not reversal setups
    • Reversal begins before old trend ends
    • Earlier entry on smaller time frame
  9. Study note 23 slides

    24D - Wedges

    • What is a parabolic Wedge?
    • Strong trends have bad Wedges
  10. Queued 20 slides

    26A - Triangles

    • Triangle
    • Wedge
    • Reversal or continuation (flag)
  11. Queued 24 slides

    29C - Climaxes

    • Climactic reversals
    • Gaps: Exhaustion, Measuring
  12. Queued 14 slides

    29E - Climaxes

    • Climaxes caused by options firms
    • Failed consecutive climaxes