Curriculum·Sophomore·S203

Chart Literacy and Evidence

The head-and-shoulders pattern, tested. Carol Osler's Federal Reserve Bank of New York staff report (No.

Taught in S203-06 ›Source ↗

Start with lesson 112 lessons · about 6.7 hours · 2 labs · free account to read in full

Lesson 1 opens on

The wicks of 10 October 2025

During the deleveraging event of 10 October 2025, more than $19B of leverage was liquidated in roughly a day.5 percent was forced selling, while market makers withdrew and spreads widened. On a daily chart the entire episode appears as a single bar with a long lower shadow.

The lessons

  1. S203-01The primitivesState what a bar records and the three things it discardsabout 31 min · opens on The wicks of 10 October 2025
  2. S203-02Market structureDefine structure in terms that can be applied identically by two people to the same chartabout 31 min · opens on The literature on technical trading rules, surveyed
  3. S203-03Support, resistance, and supply/demandState the mechanisms by which a price level could matter, and which ones are testableabout 31 min · opens on Support for Resistance, tested on intraday exchange rates
  4. S203-04The three statesClassify a market into trending, ranging or volatile using a rule applied without hindsightabout 31 min · opens on Data-snooping and technical trading rules, tested out of sample
  5. S203-05Multi-timeframe contextEstablish which timeframe your question lives on before opening any chartabout 31 min · opens on The five-day horizon in the support and resistance study
  6. S203-06The honesty moduleState the four findings this course reported and why they do not collapse into a verdictabout 32 min · opens on The financial Turing test
  7. S203-07Trendlines and channelsState a trendline construction rule precise enough that a second person reproduces your lineabout 30 min · opens on Foundations of Technical Analysis, and the problem it had to solve first
  8. S203-08Moving averagesState what a moving average computes and derive its lag from the window lengthabout 40 min · opens on The moving average rules, and the correction that followed
  9. S203-09OscillatorsExplain what a bounded oscillator measures, and why the bound is a property of the formulaabout 41 min · opens on The 70 and 30 thresholds, disowned by the discipline that teaches them
  10. S203-10Volatility and volume toolsExplain why volatility tools are the most defensible indicators and what they are defensible forabout 40 min · opens on Bitwise's volume analysis for the SEC, March 2019
  11. S203-11Fibonacci, honestlyState where the ratios come from and which of the common levels is not oneabout 30 min · opens on The evidence base that was barely built
  12. S203-12Indicator hygieneCompute the configuration space you have access to, and read it as the overfitting risk it isabout 31 min · opens on Your own configuration space, counted

Labs

  • S203-L

    Bar Replay

    Twenty randomized historical sequences with the right side hidden. Mark structure, identify the state, and commit to a directional read with a confidence percentage before revealing. Scored on calibration, not accuracy.

  • S203-L2

    Three contradictory conclusions

    One chart, three indicator configurations, three defensible and mutually contradictory conclusions. Write all three, state which you would act on, and state what would prove you wrong.