Advanced Price Action Course by i3t3 Mega Webinar - What Is Price Action?
Price action, which can be translated as “price action,” is a trading method based on the analysis of price movements. It is, therefore, a method of technical analysis (as opposed to fundamental analysis), and it adapts to any market and all trading profiles (swing, daily, scalping). In practice, price action consists of identifying the support and resistance levels respected by the price. The price action trader will use these levels to identify: • Areas on which the price can rebound; • Key levels that the price can break out. It is the behavior of the price as it approaches these levels that will or will not give the trader a signal to enter a position. A minimalist approach characterizes the price action. In its purest form, only the price appears on the charts. It is possible to add one or more technical indicators to provide additional information. Nevertheless, those given by the price will always be preponderant. To know more about Price action trading it is recommend...