Price Action trading

Price Action trading involves analyzing a security’s historical price movements to make trading decisions, without relying heavily on technical indicators. Traders observe patterns, candlestick formations, and support or resistance levels to predict future price directions. It’s based on the idea that all relevant information is reflected in the price itself. By carefully studying these movements, traders aim to identify high-probability entry and exit points. Essentially, Price Action trading focuses on reading the "story" told by price charts to understand market behavior and make informed trades.