Price action refers to the movement of a financial asset's price, which traders use to make decisions about buying or selling.
Rather than relying on technical indicators or other tools, price action focuses directly on the asset's historical price data displayed on charts, such as candlestick patterns, support and resistance levels, and price trends.
It can be used across various time frames and markets, including forex, stocks, commodities, and more. And since it focuses on live price movements, traders can make quick, informed decisions without waiting for indicator signals.
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