Grasp and apply the basic principles of technical analysisSavvy traders know that the best way to maximize return is to interpret real-world market information for themselves rather than relying solely on the predictions of professional analysts. This straightforward guide shows you how to put this into profitable action--from basic principles and useful formulas to current theories on market trends and behavioral economics--to make the most lucrative decisions for your portfolio.The latest edition of Technical Analysis for Dummies includes a brand-new chapter on making the right decisions in a bull or bear market, an updated look at unique formulas and key indicators, as well as refreshed and practical examples that reflect today today's financial atmosphere.* Become an expert in spotting market trends and key indicators* Get the skinny on the latest research on behavioral economics* Take a deep dive into how to read market sentiment and make it work for you* Get a look at the first innovation in charting for decades--straight from JapanWith comprehensive coverage from charting basics to the cutting edge, Technical Analysis for Dummies includes everything you need to the make informed independent market decisions that will maximize your profits. Happy trading!

Introduction 1Part 1: Getting Started with Technical Analysis 5Chapter 1: Introducing Technical Analysis 7Chapter 2: Tapping into the Wisdom of the Crowd 29Chapter 3: Trade What You See: Market Sentiment 45Chapter 4: Gaining Critical Advantage from Indicators 61Chapter 5: Managing the Trade 79Part 2: Building Indicators from the Ground Up 101Chapter 6: Reading Basic Bars: How to Pounce on Opportunities 103Chapter 7: Special Bars -- An Early Warning System 121Chapter 8: Redrawing the Price Bar: Japanese Candlesticks 141Part 3: Finding Patterns 157Chapter 9: Seeing Patterns 159Chapter 10: Drawing Trendlines 173Chapter 11: Transforming Channels into Forecasts 187Part 4: Dynamic Analysis 207Chapter 12: Using Dynamic Lines 209Chapter 13: Measuring Momentum 233Chapter 14: Estimating Volatility 253Chapter 15: Ignoring Time to Create Better Timing 265Chapter 16: Combining Techniques 281Chapter 17: Judging Cycles and Waves 297Chapter 18: The Mind-Blowing Ichimoku 317Part 5: The Part of Tens 331Chapter 19: Ten Secrets of the Top Technical Traders 333Chapter 20: Ten Rules for Working with Indicators 339Appendix: Additional Resources 345Index 351