What is Price Action?
· Price
action is the actual movement of a security's price; the action of price.
· The price
of any given financial asset is never fixed; it's constantly moving because of
the bids and offers on them.
· In order
to be a great technician, you must understand what. Price action is, and most
importantly the information it gives you to place a trade.
· The thing
to focus here is the relation of the current price to its historic values.
· Price
does not move in a straight line.
· The
historic values of price action are composed of Swing lows and swing highs.
· It's also
important to understand historic price action because it gives us levels to
look at
· These
levels are called historic support and resistance.