Technical Analysis - Part 1


This eCourse consists of three modules. Module 1 provides an introduction to technical analysis, focusing in particular on chart construction and trend analysis.

Module 2 describes Fibonacci analysis and Elliot wave theory, two historically important elements of a chartist’s toolkit. It covers topics such as the key Fibonacci retracement levels and market behavior around these retracement levels, as well as the basic premise of Elliot wave theory that prices move in a 5-wave advance before a 3-wave retracement.

Module 3 introduces mean-reverting strategies, which involve trading against the general trend in prices. This module covers the main techniques used to effect such strategies including oscillators, Bollinger bands, and other reversal patterns.


On completion of this course, you will be able to:
- Recognize some of the key ideas behind technical analysis and how it differs from fundamental analysis
- Identify the different types of chart used in technical analysis
- Use trendlines to decide whether a market is moving higher, lower, or sideways
- Recognize the Fibonacci sequence of numbers and its relevance to technical analysis
- Identify a basic Elliot wave formation and how it used by technical analysts
- Identify the key types of mean-reverting strategy
- Recognize the role of oscillators in measuring the rate of price change
- Recall how Bollinger bands highlight where prices are overextended
- Identify reversal patterns such as double tops/bottoms, head and shoulders, spikes, and saucers

Content Highlight

Module 1: Technical Analysis - An Introduction
Topic 1: Overview of Technical Analysis
Topic 2: Chart Construction
Topic 3: Trend Lines & Trend Channels

Module 2: Technical Analysis – Fibonacci Analysis & Elliot Wave Theory
Topic 1: Topic 1: Fibonacci Analysis
Topic 2: Elliot Wave Theory

Module 3: Technical Analysis – Mean-Reverting Strategies
Topic 1: Overview of Mean-Reverting Strategies
Topic 2: Oscillators
Topic 3: Bollinger Bands
Topic 4: Reversal Patterns

Administrative Details

Relevant Subject
Type 1 - Dealing in securities
Type 4 - Advising on securities
Type 9 - Asset management
SFC:2.50, PWMA:2.50
All Member: HKD710
Non-Member: HKD1,050
Staff of Corporate Member: HKD710