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YAL Academy

Reading the chart

The technical module and the search engine of the academy. Chart types, structure, levels, patterns and indicators, each taught as a description of past prices and each closed with the conditions under which it fails.

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The arc

Intermediate

Module 7 of 10

20 lessons, about 161 min

0 of 20 read

The lessons

What this module covers

Builds visual literacy before interpretation: how a chart is drawn, what a timeframe changes, what one candle contains. Then market structure, then the levels every later lesson refers back to, then patterns as context. Indicators arrive only after the reader can read raw price, are framed by the leading and lagging distinction, and are taught one per lesson with their failure conditions attached. Closes on multi timeframe workflow and an honest appendix on the systems with the weakest evidence.

Lesson 01

How to read a price chart

Line, bar and candlestick charts, what each discards, and why the choice changes what you notice.

Level
Intermediate
Read time
9 min

Lesson 02

What a timeframe changes

The same price history at three resolutions, and what each one hides.

Level
Intermediate
Read time
9 min

Lesson 03

Anatomy of a candlestick

Body, wick, open and close, and the precise claim a single candle can support.

Level
Intermediate
Read time
8 min

Lesson 04

Trends and ranges

Two descriptions of past price behaviour, how each is identified, and why the label is always retrospective.

Level
Intermediate
Read time
9 min

Lesson 05

Swing highs and swing lows

The turning points that every level, line and pattern in this module is built from.

Level
Intermediate
Read time
7 min

Lesson 06

What support and resistance are

The pillar lesson of this module: price levels where activity has previously clustered, and the honest limits of that observation.

Level
Intermediate
Read time
10 min

Lesson 07

Trend lines and channels

Drawing a line through swing points, and how much the drawing decision changes the picture.

Level
Intermediate
Read time
7 min

Lesson 08

Candlestick patterns and what they describe

The named single, double and triple candle formations, taught as context and never as instructions.

Level
Intermediate
Read time
9 min

Lesson 09

Chart patterns and what they describe

Multi swing formations, how each is constructed, and what a completed pattern actually establishes.

Level
Intermediate
Read time
9 min

Lesson 10

What a moving average is

An average of past closes, recalculated each period, and the lag that definition guarantees.

Level
Intermediate
Read time
8 min

Lesson 11

Leading and lagging indicators

The frame for every indicator that follows, and why the labels promise less than they sound like they do.

Level
Intermediate
Read time
7 min

Lesson 12

What RSI is

A normalised comparison of recent gains to recent losses, what its bounded scale means, and what oversold does not mean.

Level
Intermediate
Read time
8 min

Lesson 13

What MACD is

The difference between two moving averages, its own average, and the histogram that plots the gap.

Level
Intermediate
Read time
8 min

Lesson 14

What the stochastic oscillator is

Where the close sits within a recent range, expressed as a percentage, and why that is all it says.

Level
Intermediate
Read time
7 min

Lesson 15

What Bollinger Bands are

A moving average with a volatility envelope, and what touching an edge does and does not describe.

Level
Intermediate
Read time
8 min

Lesson 16

What ATR is

An average of recent range including gaps, and the one indicator this curriculum uses later for sizing.

Level
Intermediate
Read time
7 min

Lesson 17

What ADX is

A measure of how directional recent movement has been, with no statement about which direction.

Level
Intermediate
Read time
7 min

Lesson 18

What the Ichimoku cloud is

Five plotted lines, three of them shifted in time, and exactly what the shift does.

Level
Intermediate
Read time
8 min

Lesson 19

Multiple timeframe analysis

A top down workflow from the widest view to the narrowest, and the contradictions it will surface.

Level
Intermediate
Read time
8 min

Lesson 20

What Elliott Wave and harmonic patterns claim

An honest appendix on the systems with the weakest evidence, because readers will meet them anyway.

Level
Intermediate
Read time
8 min

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