Summer School

Course 5 of 11 View All Courses

Your Progress

Sign in to unlock progress tracking.

Take your technical analysis and chart reading skills to another level by learning Heikin Ashi, Elliott Wave Theory and harmonic price patterns.

  1. Heikin Ashi

    Have you closed out a trade, only to see price keep going in your favor? Heikin Ashi is a different kind of Japanese candlestick chart that rearranges how price is displayed so traders know whether to continue to ride the trend or get out.

    1. What is Heikin Ashi?

      Learn what Heikin Ashi is and how this trendy candlestick chart can help traders who like their prices smooth.

    2. Heikin Ashi Candlestick Chart vs. Traditional Japanese Candlestick Chart

      Learn the difference between Heikin Ashi candlestick charts versus traditional Japanese candlestick charts.

    3. How to Calculate Heikin Ashi

      Learn how Heikin Ashi candlesticks are calculated.

    4. How to Use a Heikin Ashi Chart

      How do you use Heikin Ashi? Learn how to use and read a Heikin Ashi candlestick chart.

    5. How to Trade Using Heikin Ashi

      How do you trade Heikin Ashi? Learn how to trade forex and other markets using Heikin Ashi charts.

    6. Limitations of Heikin Ashi

      Heikin Ashi is great for identifying trend direction and trend strength but it does have some weaknesses and limitations.

    7. Heikin Ashi Cheat Sheet

      Here’s a summary of what you need to remember about Heikin Ashi. We review what Heikin Ashi is, how to calculate Heikin Ashi and the advantages and disadvantages of using it.

  2. Elliott Wave Theory

    Have you ever heard of a charting technique that actually takes into account market psychology? If you haven't, it's time for you to get to know Mr. Ralph Neison Elliott.

    1. Introduction to Elliott Wave Theory

      Amidst all the chaos in the market, Mr. Elliott found order. The Elliot Wave Theory gives us a way to identify highly probable points where price is most likely to reverse.

    2. Impulse Waves

      According to Elliot, a trending market moves in a 5-3 pattern. Find out what that means here.

    3. Corrective Waves

      The Zig-Zag, the Flat, and the Triangle are all types of ABC correction wave formations.

    4. Fractals: Elliott Waves Within an Elliott Wave

      Always remember that each wave is comprised of smaller wave patterns and that this pattern tends to repeat itself FOREVER.

    5. 3 Cardinal Rules of the Elliott Wave Theory

      Before you jump right into applying the Elliott Wave Theory to your trading, you must take note of the following three cardinal rules.

    6. How to Trade Forex Using Elliott Waves

      Enough jibberjabber – it’s time to see the real thing! Here’s how you can apply Elliott Waves in trading.

    7. Summary: Elliott Wave Theory

      Before you test your Elliott Wave skills in trading, make sure you’ve got its basics down to a tee.

  3. Harmonic Price Patterns

    If you still think that ABCD and Gartley and the Animals are parts of a nursery rhyme, then you need a lesson on Harmonic Price Patterns!

    1. Harmonic Price Patterns in the Forex Market

      Harmonic price patterns are all about retracements. Let’s jump back into some trends!

    2. The ABCD and the Three-Drive

      With the Fibonacci retracement tool, making pips can be as easy as A-B-C. Seriously!

    3. Trading The Gartley Pattern

      Learn about a super smart dude’s solution to two of the biggest problems of traders: what and when to buy.

    4. 3 Steps to Trading Harmonic Price Patterns

      Trading Harmonic Price Patterns is as easy as 1-2-3! Locate the potential price pattern, measure it, and then buy or sell upon its completion!

    5. Summary: Harmonic Price Patterns

      Harmonic price patterns are all about retracements. Let’s jump back into some trends!

  4. Trading Divergences

    Sometimes price moves in one direction while a technical indicator moves in the other, hinting that a trend may be losing steam or gaining a second wind. Learn how to recognize those mismatches, understand what they mean, and use them alongside other tools to make smarter trading decisions.

    1. Trading Divergences

      Learn what divergence trading is and how comparing price action with indicators like RSI and MACD can help you spot potential reversals and trend continuations.

    2. Regular Divergence

      Learn what regular bullish and bearish divergences are, how to spot them on your charts, and how traders use them to identify potential trend reversals in forex.

    3. Hidden Divergence

      Learn what hidden bullish and bearish divergences are, how they differ from regular divergences, and how traders use them to spot trend continuation signals in forex.

    4. How To Trade Divergences

      See real chart examples of how to trade regular and hidden divergences in forex, including entry thinking, confirmation signals, and what to watch for before placing a trade.

    5. How to Avoid Entering Too Early When Trading Divergences

      Learn three practical techniques to avoid entering divergence trades too early, including waiting for indicator crossovers, overbought/oversold exits, and drawing trend lines on your oscillator.

    6. 9 Rules for Trading Divergences

      We listed down the 9 rules for trading divergences just for you. Learn ’em, memorize ’em, live ’em!

    7. Divergence Cheat Sheet

      Quick-reference cheat sheet for all four types of divergences in forex: regular bullish, regular bearish, hidden bullish, and hidden bearish, with descriptions, chart examples, and memory tricks.

    8. Divergences are NOT a Trade Signal

      Learn why divergences should never be used as standalone trade signals, how to combine them with confirmation tools, and how to selectively choose the setups worth trading.

    9. QUIZ: Trading Divergences

      Test your knowledge of divergence trading. Covering regular and hidden divergences, trading rules, entry timing, and common mistakes.

Think like a man of action, act like a man of thought.Henry Bergson