What is a price action chart?

Itfocuses solely on price history and doesn’t consider external factors. Price charts reflect the collective behavior of traders in the market. For example, if the price suddenly moves up, price action charts clearly show this and indicate that buyers are in control.

What are price action patterns?

Price action patterns, also called price action ‘triggers’, ‘setups’ or ‘signals’, are really the most important aspect of price action trading, because it’s these patterns that provide a trader with strong clues as to what price might do next.

What are the different types of price charts?

There are three kinds of basic price charts that are in use today. The line chart, the bar chart and the candlestick chart. The price actions of stocks and trading can be done in all of them in their own ways. 1. Candlestick chart

How can a price action trader find the trending phases?

A price action trader can find the trending phases and trading phases by drawing channels on a chart. Price action traders draw these channels on price charts. For this most of the charts adds drawing facilities for price action traders.