Price action is the basis of all technical analysis. It tells the story of how buyers and sellers negotiated the value of an asset in the past. As the market swings, these price fluctuations paint a picture of the positions and sentiment of market participants.
By reading price action, we can understand the market’s behavior. It’s the language of the market. By being “fluent,” we can sync with price movement and uncover lucrative opportunities.
Let’s dive in: