Take a closer look at price action analysis in trading
Hi traders:
Hope all is doing well. I want to do another quick educational video on price action analysis.
Many have asked me to elaborate on this topic, and I thought video is the best way to do so.
So basic understanding of price action analysis is that after a strong impulse phrase in the market, we will get a period of consolidation (correction) before the price is likely to resume the direction.
This is what we can structures and patterns when the correction begin to form.
Understand that when we dont see a correctional structure after a strong impulse, this is usually a sign from the market telling us the price may reverse soon.
Its important to fully acknowledge what the market is presenting to us, and if we are seeing different clues from the market, then accept it, and change your analysis's view.
As always let me know if you have any questions or comments.
Thank you
Hope all is doing well. I want to do another quick educational video on price action analysis.
Many have asked me to elaborate on this topic, and I thought video is the best way to do so.
So basic understanding of price action analysis is that after a strong impulse phrase in the market, we will get a period of consolidation (correction) before the price is likely to resume the direction.
This is what we can structures and patterns when the correction begin to form.
Understand that when we dont see a correctional structure after a strong impulse, this is usually a sign from the market telling us the price may reverse soon.
Its important to fully acknowledge what the market is presenting to us, and if we are seeing different clues from the market, then accept it, and change your analysis's view.
As always let me know if you have any questions or comments.
Thank you
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