Technical Analysis for Beginners: Why Elliott Wave, Fibonacci Matter

Technical Analysis – The Foundation of Every Trading Strategy

Have you ever opened a stock chart… and felt like you were staring at static on a broken TV?

Red candles, green candles. Spikes, crashes. No logic. No rhythm. Just noise.

That’s where I was when I started. And it’s where 99% of beginners get stuck.

But here’s the truth: the market isn’t random. It moves in waves. And if you can read those waves — with the right tools — the noise suddenly becomes a map.

At She Trades Shares, we teach technical analysis in simple, bite-sized lessons. Not theory for the sake of theory, but practical tools you can use to trade smarter.

📈 Technical Analysis – The Wave That Changes Everything (Elliott Wave)

The first time I learned Elliott Wave, it was like someone handed me a decoder ring.

Instead of random moves, I saw 5 waves up… and 3 waves down.

Optimism → push higher.

Fear → pull back.

That rhythm repeats across every market, every timeframe.

It’s how we called ZIP’s comeback — from 26¢ in 2023 to over $4.26 in 2025. Everyone else thought it was luck. But the wave structure told us a new cycle had begun.

All our wave counts are mapped on live charts you can see inside our lessons — all built using TradingView, the platform we trust every day.”

• “Want to see what this looks like in real time? We post our live TradingView charts each week inside the She Trades Shares Community.”

• “Every example we share — like ZIP’s comeback — is tracked on a live TradingView chart, so you can follow the moves as they happen

Click the Link below

Online Trading Masterclass – How Elliott Wave and Fibonacci Uncovered Australia’s Most Hated Stock Comeback

🔢Technical Analysis – Fibonacci: The Market’s Secret Ratios

The market breathes in numbers. 23.6%, 38.2%, 50%, 61.8%.

These Fibonacci retracements show where price is most likely to pause, bounce, or reverse.

Extensions tell us how far the next rally might run.

When ZIP reclaimed the 25% retracement at $3.80, it wasn’t random — it was Fibonacci at work. And extensions pointed us straight to $4.53–$5.09 as the next battleground.

The Invisible Floors & Ceilings (Support & Resistance)

Imagine walking into a room with a low ceiling. You can only jump so high before you hit it.

That’s resistance.

Now picture standing on a trampoline. No matter how hard you fall, it bounces you back.

That’s support.

Every chart has these invisible floors and ceilings. Once you learn to draw them, you stop guessing. You know where the battles between buyers and sellers are happening.

We share key support and resistance levels every week on the She Trades Shares Facebook Group

Technical Analysis – Patterns: The Market’s Language

Markets repeat because people repeat. Fear and greed don’t change.

That’s why patterns like double bottoms, wedges, and flags appear again and again.

At first, they look like chaos. Then your eye adjusts. And suddenly you start spotting them everywhere.

Inside our Trading for Beginners Group, we break patterns down into bite-sized lessons — so you can spot them live without second-guessing.

Price + Time: The Forgotten Dimension

Most beginners obsess over price. But traders who last know time matters just as much.

That’s where Gann Theory and Dow Theory come in. They help us see when the tide is likely to turn, not just where.

📊Technical Analysis – The Truth About Indicators (Volume & Moving Averages)

Price without confirmation is a trap.

Price with confirmation is a trend.

• Volume tells you if the “big money” is in the move.

• Moving Averages smooth out the noise and point you in the right direction.

Together, they give you confidence you’re not trading alone against the tide.

👉 We explain these tools in full inside the [She Trades Shares Resource Hub]([Resource Hub Link]).

Technical Analysis – Tools We Trust

We don’t just talk about tools — we use them every day:

Charting: TradingView,

Education Hub: [She Trades Shares Resource Hub

Ready to Catch the Next Wave?

1. 👉 Join our free Trading for Beginners Community.

2. 👉 Bookmark the [She Trades Shares Resource Hub]

https://shetradessharesasx.com/trading-for-beginners-ultimate-resource-hub/for tools, guides, and masterclasses.

3. 👉 Follow the She Trades Shares Facebook Page for weekly reports.

⚠️ Important: Everything we share is for education only. Nothing here is financial advice.

Technical analysis for beginners with Elliott Wave, Fibonacci retracements, and stock chart patterns explained
Technical Analysis for Beginners — why Elliott Wave, Fibonacci, and support/resistance matter for traders.