Price Action Trading & Techniquied Simplified!!
A Mega Thread on Price Action Trading๐งต
#Stocks #Priceactiontrading #Trading
A Mega Thread on Price Action Trading๐งต
#Stocks #Priceactiontrading #Trading
WHAT IS PRICE ACTION
โRaw price movement
โDoes not use indicators
โUses past history to predict future price direction
โKeeps trading simple and clean
โRaw price movement
โDoes not use indicators
โUses past history to predict future price direction
โKeeps trading simple and clean
Core Components of Price Action
โถSupport and Resistance
โถCandlestick Formation
โถVolume
โถChart Patterns
โถTrends & Trendlines
โถSupport and Resistance
โถCandlestick Formation
โถVolume
โถChart Patterns
โถTrends & Trendlines
Key fundamental rules in Price Action Trading
๐Everything that we mark on Charts can either act as suppport or resistance levels
๐Support and Resistance levels are Interchanging levels after proper breakout
๐Everything that we mark on Charts can either act as suppport or resistance levels
๐Support and Resistance levels are Interchanging levels after proper breakout
What is Support & Resistance?
๐กSUPPORT-Support is a price point below the current market price that indicate buying interest.
๐กRESISTANCE-Resistance is a price point above the current market price that indicate selling interest.
๐กSUPPORT-Support is a price point below the current market price that indicate buying interest.
๐กRESISTANCE-Resistance is a price point above the current market price that indicate selling interest.
Every moment is unique in the market
๐งโโ๏ธYou should not trade just based on support and resistance levels. There are more factors to look into.
๐งโโ๏ธYou should not trade just based on support and resistance levels. There are more factors to look into.
What are these zones
๐DEMAND ZONE-The candlesticks or bars that mark the origin of a strong uptrend are called the demand zone or accumulation zone.
SUPPLY ZONE-The candlesticks or bars that mark the origin of a strong downtrend are called the supply zone or distribution zone.
๐DEMAND ZONE-The candlesticks or bars that mark the origin of a strong uptrend are called the demand zone or accumulation zone.
SUPPLY ZONE-The candlesticks or bars that mark the origin of a strong downtrend are called the supply zone or distribution zone.
What is a trend?
๐The general direction in which stock is moving towards
๐Map Uptrend, Downtrend, and sideway market
๐The general direction in which stock is moving towards
๐Map Uptrend, Downtrend, and sideway market
Three Trend market
1-Minor Trend:short Term
2-Secondary Trend: Medium Term
3-Primary Trend:long term
1-Minor Trend:short Term
2-Secondary Trend: Medium Term
3-Primary Trend:long term
Consider before Trading
All the components of Price action trading should marks or labeled at chart before you trade like-Support & Resistance, Supply&Demand, Trends etc.
Happy Trading๐ก๐๐
All the components of Price action trading should marks or labeled at chart before you trade like-Support & Resistance, Supply&Demand, Trends etc.
Happy Trading๐ก๐๐
Hope you enjoyed ๐ก๐๐ฏ๐
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