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Price Action
Technical AnalysisThe study of raw price movement without relying on indicators. Price action traders read candlestick patterns, support/resistance, and chart patterns to make trading decisions.
Related Terms
Candlestick
A chart element showing the open, high, low, and close (OHLC) of a security for a specific time period.
Support
A price level where buying pressure tends to overcome selling pressure, causing the price to stall or bounce upward.
Resistance
A price level where selling pressure tends to overcome buying pressure, causing the price to stall or reverse downward.