Technical Analyst Lite

"The tape tells all." — Jesse Livermore

📊 Want pattern recognition, probability scenarios, and full indicator analysis?
Full version → agentofalpha.com

What This Skill Does

Systematic, objective technical analysis of price charts — without the noise. Give me a chart and I'll tell you the trend, where price is likely to find support or resistance, and what the moving averages are saying.

Included in Lite:

• - ✅ Trend identification (uptrend / downtrend / sideways) with strength read
• ✅ 2 key support levels + 2 key resistance levels (specific prices)
• ✅ Moving average configuration (50-day vs 200-day read)
• ✅ Overall technical bias (bullish / bearish / neutral)

Upgrade to Full for:

• - ❌ Chart pattern recognition (flags, H&S, wedges, cup & handle, etc.)
• ❌ Volume analysis and confirmation
• ❌ RSI, MACD, and indicator divergence signals
• ❌ 2-4 probability-weighted price scenarios
• ❌ Multi-timeframe alignment (monthly → weekly → daily)
• ❌ Measured move targets and pattern completion triggers

How to Use

Provide:

• - A chart image (weekly or daily timeframe — weekly preferred)
• The asset name or ticker
• Optional: what you're trying to decide (entry, exit, stop placement)

I'll give you a clean, objective read. No fundamentals, no news — pure price action.

Analysis Workflow

Step 1: Orient to the Chart

Before anything else, confirm:

• - Asset and timeframe (weekly = more reliable signals)
• Price scale (linear vs. log)
• Date range visible
• What's on the chart (candles/bars, MAs, any indicators visible)

If the chart is unclear or cut off, ask for a better version.

Step 2: Trend Identification

Define the primary trend from the chart:

Trend strength:

• - Strong: Steep angle, minimal counter-trend swings, price closes consistently in the trend direction
• Moderate: Clear direction but regular pullbacks, average slope
• Weak: Shallow slope, large counter-trend moves eating into gains
• Potentially reversing: Sequence of higher highs / lower lows broken; momentum stalling

State: [Uptrend / Downtrend / Sideways] — [Strong / Moderate / Weak]

Step 3: Support and Resistance (2 + 2)

Identify the 2 most important support levels and 2 most important resistance levels from the chart.

How to spot them:

• - Prior swing highs/lows — Price turned multiple times at this level
• Round numbers — $100, $50, $500 act as psychological anchors
• Role reversal zones — Old resistance that was broken becomes support (and vice versa)
• Prior consolidation areas — Where price spent significant time before a move

For each level, note:

• - The specific price
• Why it matters (how many tests, role reversal, round number, etc.)
• Whether it's currently being tested or is a distance away

Format:
CODEBLOCK0

Proximity note: Is price currently near support (favorable long entry risk/reward) or near resistance (unfavorable)?

Step 4: Moving Average Read

If moving averages are visible on the chart, assess:

The key levels:

• - 50-period MA: Intermediate trend health. Price consistently above = intermediate uptrend.
• 200-period MA: Long-term dividing line. Above = bull territory. Below = bear territory.

Configuration signals:

• - Golden Cross: 50-MA crosses ABOVE 200-MA → long-term bullish signal
• Death Cross: 50-MA crosses BELOW 200-MA → long-term bearish signal
• Bullish stack: Price > 50-MA > 200-MA, both rising → strongest bull setup
• Bearish stack: Price < 50-MA < 200-MA, both falling → strongest bear setup
• Mixed: Transitioning or choppy — treat with caution

MA as support/resistance:

• - Is price bouncing off a rising MA? (Healthy uptrend behavior)
• Is price getting rejected at a falling MA? (Bearish structure)
• How far is price stretched from the 200-MA? (Extreme distance = mean reversion risk)

If MAs are not visible on the chart: Note the limitation and work from price structure alone.

Step 5: Overall Technical Bias

Synthesize the above into a single assessment:

• - Bias: Bullish / Bearish / Neutral / Cautiously [Directional]
• Conviction: High / Medium / Low
• Key level to watch: The one price that, if broken, changes the whole picture

Output Format

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What This Read Won't Tell You

This lite analysis gives you the essential framework — trend direction, where to watch for support and resistance, and whether the long-term moving average structure is constructive.

What you won't get here:

• - Pattern identification (is that a bull flag, a head & shoulders, a cup and handle?)
• Volume confirmation (is the trend backed by conviction or is it thin?)
• Momentum indicators (RSI, MACD — are we overbought? Is there bullish divergence?)
• Probability-weighted scenarios ("60% chance it breaks out, 30% chance it retests support first")
• Multi-timeframe alignment (weekly trend vs. daily structure vs. monthly picture)
• Measured move targets (how far does the pattern project if it completes?)

The full version is used by swing traders and portfolio managers who need all of those layers before making a sizing decision.

📊 Want pattern recognition, probability scenarios, and full indicator analysis?
Full version → agentofalpha.com

Example Queries

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