The_Power_of_Price_Action

The_Power_of_Price_Action

Hello Traders, MTG just broke out from the area of Support/Resistance and I'm just waiting for a pullback and appearance of strong bullish candle "within" the area of support before I enter a position. “The stock market is designed to transfer money from the active to the patient.” - Warren Buffett

The_Power_of_Price_Action

Hello Traders! ARLO shows a Piercing Line Candlestick Pattern exactly at the Key Level showing confluence in price or giving us additional confirmation to enter a trade. I place my buy order at the closing price of this green candle and stop loss few pips below All Conditions met: 1. Trend - Higher High Higher Low 2. Valid Pull Back 3. Key Levels 4. Strong...

The_Power_of_Price_Action

Hello Traders! CXW broke the previous high and also make a valid pullback that will create a higher low after the appearance of engulfing candle at the strong key level I entered position at the closing price of the engulfing candle which a signal of reversal All Conditions Met: 1. Trend - Higher High Higher Low 2. Valid Pull Back 3. Key Levels 4. Strong...

The_Power_of_Price_Action

Hello Traders! CPRX was making a pull back and would expect a nice bounce at the strong support level after a strong bullish reversal candle. What I did to this analysis: 1. I Draw Major Support/Resistance in Weekly Time frame 2. Find trend - Higher High, Higher Low 3. Find a pullback in price 4. Wait for the Strong Reversal Candle at Support Level In...

The_Power_of_Price_Action

Hello Traders! CNX is making a valid pull back in price (Retracement) and I'm waiting for strong reversal candle stick pattern before entering a position: 1. Inside bar candle stick pattern 2. Piercing line Hope you enjoy my analysis and hope you smash the like button

The_Power_of_Price_Action

Hello Traders! LGFA.A is approaching the support key level and it will be a nice bounce in the upside after the appearance of a strong bullish candle. The only candlestick pattern that I'm looking: 1.Engulfing Candlestick 2. Inside Bar 3. Pin Bar 4. Piercing line Hope you enjoy the price action and hope you smash the like button :)

The_Power_of_Price_Action

Hello Traders! AIV meet all my criteria that's why I enter position this past few days: Criteria: 1. Trend - Higher High, Higher Low 2. Valid Swing and Valid Pullback 3. Key Levels 4. Strong Bullish Candle Stick Pattern at the swing point Hope you like my analysis and hope you smash the like button :)

The_Power_of_Price_Action

Hello Price Action Traders! GOEV just made a another retest in this strong support level. What we will be waiting is the appearance of a strong bullish candle before we enter a position (e.g. Engulfing candle, Inside bar candle, etc.) This will be a nice bounce in the upside after the appearance of a strong bullish candle P.S. As price action trader I'm not...

The_Power_of_Price_Action

Hello Price Action Traders! SMRT just made an inverted head and shoulder and we will see if it will going to break the resistance level. After it breaks the resistance, it will create a swing point or pull back (retracement) where we can enter a position or go long. If you like my idea, please hit the thumbs up button : )