$RIVER
What is Price Action?
Price Action = Reading price movement only
Based on:
Japanese Candles
Peaks and Troughs
Support and Resistance
❌ No Indicators
Core of Price Action
The market moves in three states:
Uptrend: Higher highs + Higher lows
Downtrend: Lower highs + Lower lows
Range-bound: Price between Support and Resistance
First step always:
➡️ Identify the market state
Support and Resistance
Strong reversal zones
Don't draw one line, draw a zone
The more the price bounces, the stronger the zone
Key Candlestick Patterns
1️⃣ Pin Bar
Long tail + small body
Indicates rejection of price
2️⃣ Engulfing
Candle that engulfs the previous one
Indicates a shift in market strength
3️⃣ Inside Bar
Consolidation before a strong move
Peaks and Troughs
Breaking a peak = potential continuation
False break + rejection candle = strong reversal
When to enter the trade?
Price at support/resistance
Clear candlestick pattern appears
Confirmation with candle close
Stop loss behind the tail
Target at nearest zone$BEAT
$FOLKS
