Reviewing Key Price Action Sequences

A great way to learn to read price action is to review your historical price charts, with a focus on the price action at key structural locations.

Find and review anything which fits these categories.

  • tests of significant levels
  • breaks of significant levels
  • traps
  • transitions between trends and ranges
  • transitions from volatility contraction to expansion
  • and in fact anything else that stands out on the chart

 

Each day, identify a key price sequence.

Study it and learn.

It only takes a minute.

Let's look at an example in which Crude Oil breaks higher in Monday's session, into layered levels of range resistance, before falling back into the range.

And a similar scenario in the emini Russell on Tuesday, in which price also broke and rejected prior session resistance. This time though the rejection was much quicker.

Each day, identify a key price sequence.

Study it and learn.

It only takes a minute.

(See here if you need more info on the above analysis)

Happy trading,

Lance Beggs


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YourTradingCoach - Admin

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