Technical analysis is a method of analysis that considers patterns in market data to identify trends and predict possible future movements of markets. Technical analysis aims to develop an investment strategy by analyzing historical price and trading volume data of any investment instrument. Chart patterns and sequences, statistics, indicators and other technical tools are used to develop this strategy. But for this you need to be familiar with the terminology used in the analysis. Here are the terms you need to know to read technical analysis charts more easily:
1- Support and Resistance levels: The support level is where a falling price starts to rise. The resistance level is the point where the rising price stops and starts to decline again.
2- Trends: Lines showing the long-term movement in the price level. A rise is upward, a fall is downward and a stable price is horizontal.
3- Formations: Shapes formed on the price chart. For example Flag formation, the triangle formation, the head and shoulders formation, the cup and handle formation.
4- Stop loss and take profit: Stop loss, execution of a sell order if it falls below a certain level. Take profit, Profit by exiting when a certain price level is reached

The most commonly used indicators in technical analysis

1-Relative Strength Index (RSI): The RSI is used to identify overbought or oversold conditions by measuring the speed and magnitude of price changes of a financial instrument (stock, commodity, etc. It should be used in combination with other indicators.
2-MACD İndicator (Moving Average Convergence Divergence): It is used for price comparison. Generally, price movements over 12 and 26 days are compared. Accordingly, it is determined that if the result is higher than zero, the trend will be positive and if it is lower, the negative trend direction will dominate the trend.
3- Bollinger Bands: Market movements are interpreted based on standard deviation values. It is generally preferred by traders who trade in the short them. Bollinger bands widen when volatility increases and and narrow when it decreases. If prices are close to the upper band, prices are relatively high; if prices are close to the lower band, prices are relatively low.
4-Moving Average Indicator: Market movements are interpreted based on standard deviation values. The margin of error is very low. It provides an understanding of the direction of the trend in the future. If the chart formed by moving averages crosses the chart of the investment instrument from bottom to top, it is expected to be in an uptrend and vice versa, it is expected to be in a downtrend.
5- Commodity Channel Index (CCI): By calculating the deviation and average of the price movements of the past periods; it allows to find the values expected to be experienced today. The average of the highest, lowest and closing values experienced in the past in the specified time interval is taken.
6- Momentum Indicator: It signals the speed and strength of trends. The indicator can be interpreted in different ways. For example, when it crosses the 100 axis from the bottom upwards, it is interpreted as a bullish signal and when the indicator reaches 120, it is interpreted as overbought. The 80 level indicates oversold.
7- Parabolic Stop And Reverse (SAR): When you choose the Parabolic SAR indicator, there are dot indicators that follow the trend. If these dots are below the price levels on the chart, you are signaled to sell if it goes above them and buy if it goes below them.