Technical analysis
Every method people ask about in the Nepal share market, explained in plain language — what it claims, how it works, and how much weight it can actually carry.
Each method is labelled by how well established it is.
That label is the most useful thing on these pages. Dow Theory has primary texts from 1902 and 1922 that are out of copyright, and you can read them here in full. ICT is course material from one trader with no independent standard. Both are worth understanding. They are not the same kind of thing, and no other site will tell you so.
- Classical
Long established, and its primary source is out of copyright — you can read the original here rather than take a summary on trust.
- Established
Widely documented and taught, but the primary texts are still in copyright, so we can point to them rather than host them.
- Mathematical
The underlying mathematics is settled. Whether markets obey it is a separate question, and a more doubtful one.
- Proprietary
Taught commercially, with no independent standard, no agreed definitions and no published evidence base. Worth understanding; worth knowing what it is.
Dow Theory
ClassicalThe oldest framework in technical analysis, and the ancestor of most of what followed.
Charles Dow, in Wall Street Journal editorials 1900–1902. Named and codified after his death.
Read the guide →
The Wyckoff Method
ClassicalReading a chart as the footprints of large operators. The origin of everything now sold as 'smart money'.
Richard D. Wyckoff, from 1910 onward, based on watching the ticker tape at close range.
Read the guide →
Elliott Wave Theory
EstablishedA claim that crowd psychology moves markets in a repeating wave structure at every timescale.
Ralph Nelson Elliott, The Wave Principle (1938) and Nature's Law (1946).
Read the guide →
Fibonacci Levels
MathematicalAncient mathematics applied to price charts — the maths is certain, the application is not.
The sequence dates to Leonardo of Pisa, 1202. Its use on price charts is a 20th-century idea.
Read the guide →
Smart Money Concepts
ProprietaryA modern vocabulary for a century-old idea, taught largely through paid courses.
Emerged online in the 2010s. Its substance descends from Wyckoff's work of the 1910s.
Read the guide →
ICT Concepts
ProprietaryOne trader's framework, taught commercially. Worth understanding; worth knowing what it is.
Popularised by the Inner Circle Trader through online courses and video from the 2010s.
Read the guide →
Indicators
EstablishedCalculations derived from price and volume. Around 60 are in common use; four families cover most of them.
Developed piecemeal through the 20th century. The standard open-source library implements 158 functions.
Read the guide →
Chart and Candlestick Patterns
EstablishedRecognisable shapes in price history. Their reliability varies enormously and is worth checking.
Candlesticks were used by Japanese rice traders from the 18th century; Western chart patterns date from the early 20th.
Read the guide →
The originals, free to read here
The founding texts of Dow Theory and the Wyckoff method are out of copyright. Rather than paraphrase them, we host them — so you can check any summary, including ours, against what the author actually wrote.