There's a lot of confusion when it comes to price action. What should you consider? What time frames? Is there a single most important thing about analyzing price action? The list goes on...
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I'm not the expert on every style, platform, and chart type, but I do know a thing about clarity, scope, direction, and if what you're doing will get you to where you want to go.
Today we spoke about 4 Things You Should Consider When Analyzing Price Action.
The 4 Include:
1. Direction (price can only move 3 ways)
2. Velocity (how fast price is moving
3. Time frames (zooming in and out)
4. Related price action (things that may influence price action)
BOOKS MENTIONED:
Stan Weinstein: Secrets for Profiting in Bull and Bear Markets
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