Welcome to Module 1, Part 2 of Trading Foundations: Your Starting Point, a 4 part accelerator series to help you understand how to read price, trends, and momentum.

There’s a lot of lingo, and it’s easy to feel behind when you hear things like “BOS,” “RR,” “pullback entry,” or “the candles are wicky.” Most of the time, people don’t slow down to explain what they actually mean.

This post is meant to change that.

Below is a modern glossary focused on the terms you’ll hear most often as a new trader. Note that this is not a full dictionary. Just the words that matter when you’re trying to understand setups, read charts, and build confidence in how you think and speak about the market.

🧠 Chart Basics

Candle / Candlestick

A visual representation of price movement for a given time period. Shows where price opened, closed, and the highs/lows within that time.

Why it matters: Candlesticks help you visually understand market behavior without needing indicators.

Wick

The thin line above or below the body of a candle. Shows how far price moved before being rejected.

Why it matters: Wicks can signal hesitation or reversal, especially near key levels.

Support

A price level where buying interest tends to come in and prevent the price from falling lower.

Why it matters: Support zones help you spot where buyers may step in—useful for timing entries.

Resistance

A price level where selling interest tends to come in and prevent the price from moving higher.

Why it matters: Resistance levels help you avoid chasing moves into areas where price may reverse.

Trend

The general direction the market is moving: uptrend (higher highs/lows), downtrend (lower highs/lows), or sideways (chop).

Why it matters: Understanding trend helps you stay on the right side of the market instead of fighting it.

• Detailed explanation on price, trends, and momentum could be found here