Price Action Trading Tell the difference between a pullback and a reversal

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Read price action to trade from your charts. Learn to trade any market by reading price action, they all operate in the same way.

I trade using price candlesticks and the size of the body of the candlesticks is a useful piece of information. The bigger the body the more pressure is being applied in one direction or another.

The most important candlesticks are the red ones that follow green ones and the green ones that follow red ones. Bigger candlesticks following smaller ones is often an indicator to where price may go over the next period of time. It may indicate a change of direction for the market (a change in sentiment) or it may inciate that the probability is in favour of the current market trend.

Pullbacks in a trend tend to have candlesticks with smaller bodies than the previous trend.
Reversal are often indicated early by bigger candlesticks appearing against a trend than there are with the trend. Remember an indication is never 100% proof and I always look for 3 things to line up together in order to take trades. I call the three things the three "Cs" Content, Context and Confluence.

Видео Price Action Trading Tell the difference between a pullback and a reversal канала AnthonyBeardsell