Price action is one of the most popular business concepts. An operator who knows how to use price movements correctly can often improve his performance and how he sees the graphics clearly. However, there are still many misunderstandings and half-truths that disturb traders and prepare them for failure. In this article, we explore the 8 most important price-action secrets and candlestick patterns share the best advice on value for money.
Support and resistance are probably the most popular price action concept, but very few traders can benefit from it. The reason is often very simple, even if at first sight it is not so obvious. Most operators only use unique horizontal levels of commercial support and resilience, which look good in retrospect but fail in live trading. The reason is that simple lines are not an effective way to detect price movements. Creating support and resistance zones is much more effective when it comes to understanding the price.
The following screenshot shows that the operator who uses only one line or loses business opportunities when the price does not reach its lines. Or they expel it during peaks of volatility; The operator, who uses zones instead, can filter the noise present in the zones.I hope that this concept candlestick pattern indicator will no longer be one of the secrets of the price movement and that more operators will start using this technology.