In Depth Guide to Price Action Trading: Powerful Swing Trading Strategy for Consistent Profits by Damir Laurentiu & Traders PA

Author:Damir, Laurentiu & Traders, PA [Damir, Laurentiu]
Language: eng
Format: epub
Publisher: PA Traders
Published: 2016-10-17T16:00:00+00:00

Chart 13: big directional bars signaling uptrend

The same with an uptrend, we see big white directional candles that show the footprint of buyers entering into the market. Often times, the area where the big candle moves away from the surrounding candles on its left will provide support or resistance for future price.

Beware that you will not always find such candles. That is perfectly okay, but when they do show up on your charts you now know their meaning and importance. They show money entering the market and they provide support or resistance for price often times.

Please go to the same practice charts once again on your trading platform and try to find these directional candles in both uptrends and downtrends. See the correlation between them and the other types of trends analysis.

Observe if the area where the big directional candle moves away from surrounding candles provides a small support or resistance for future price movements.

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