PRICE ACTION Simplified
Let's start withπ
- VWAP
- Support /Resistance
- Pullback rejection
- Sideways
- Strength of Direction
- Reversals
Identifying Market & Day Type will change the way you trade.
Mini Thread π§΅
Scroll downπ to read fully
Let's start withπ
- VWAP
- Support /Resistance
- Pullback rejection
- Sideways
- Strength of Direction
- Reversals
Identifying Market & Day Type will change the way you trade.
Mini Thread π§΅
Scroll downπ to read fully
Before checking the Chart examples,
-Don't waste time in indicators - Focus on the price action and price around important levels rest is noise.
-Confidence to take trades will increase - when we have clarity about the current price action
Follow me @learntotrade365
Scrollπ
-Don't waste time in indicators - Focus on the price action and price around important levels rest is noise.
-Confidence to take trades will increase - when we have clarity about the current price action
Follow me @learntotrade365
Scrollπ
1] Directional market - Pullback is one of my favorite choice. Because it has,
π’ Low Risk High Reward
π’ Chance of Failure is less
π’ Helps to follow the current market direction
Check the chart to understand more clearly
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π’ Low Risk High Reward
π’ Chance of Failure is less
π’ Helps to follow the current market direction
Check the chart to understand more clearly
Scroll down for moreππ
![1] Directional market - Pullback is one of my favorite choice. Because it has,
π’ Low Risk High Rew...](https://pbs.twimg.com/media/GFVOwevbEAArGKH.jpg)
2] Never under-estimate VWAP
Tracking Price action around VWAP is very important to get hint about current market trend.
Check the chart to understand more clearly
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Tracking Price action around VWAP is very important to get hint about current market trend.
Check the chart to understand more clearly
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![2] Never under-estimate VWAP
Tracking Price action around VWAP is very important to get hint about...](https://pbs.twimg.com/media/GFVO1YFbcAA4w7-.png)
3] Hint for Reversal
When price is making any quick/fast move - Always i track whether price is giving follow through the same direction or any hint for reversal.
Check the chart to understand more clearly
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When price is making any quick/fast move - Always i track whether price is giving follow through the same direction or any hint for reversal.
Check the chart to understand more clearly
Scroll down for more ππ
![3] Hint for Reversal
When price is making any quick/fast move - Always i track whether price is giv...](https://pbs.twimg.com/media/GFVO5SObsAA_wms.png)
4] Range bound / Sideways Market - I focus more on EXTREMES of the sideways range.
π’ Sideways market means stay away from middle of the sideways zone.
π’ Reversal around extremes can give good entry location during sideways market.
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π’ Sideways market means stay away from middle of the sideways zone.
π’ Reversal around extremes can give good entry location during sideways market.
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![4] Range bound / Sideways Market - I focus more on EXTREMES of the sideways range.
π’ Sideways marke...](https://pbs.twimg.com/media/GFVO9kOb0AANV7L.png)
Follow through of price tells the real strength.
Check the chart to understand the Strength of the directional move.
When candle starts getting narrow the trend is fading away or interest is getting dried.
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Check the chart to understand the Strength of the directional move.
When candle starts getting narrow the trend is fading away or interest is getting dried.
Scroll down π
One more example this time upside.
Check the chart to understand more clearly
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Check the chart to understand more clearly
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Range bound / Sideways market forms more WICK
Check the below chart to understand more clearly.
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Check the below chart to understand more clearly.
Scroll downπ
End of this thread
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If you find this Thread useful - Do show your Love & Support by Like and Retweet the 1st tweet of this thread.
Follow me @learntotrade365 for more content & techniques.
Join the Free Telegram channel for Live market updates - telegram.me
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