Trading Price Action
The concept of trading price action, for our trading method, is the right side trading of prices that have previously been established from chart reading previous price action areas that preceded breakout continuation price moves.
Price Action Area
The rectangle area is what I refer to as a price action area. A price action area is the area preceding where an 'extended' price move occurs - often from some consolidation period like in this case.
In the case of this price action area rectangle, there was a left side sell swing that consolidated between the swing low AND resistance, which was where the sell swing last broke at the yellow circle.
I want to now try to identify the prices specifically [price specifics] related to the price action that occurred - which was a hold of resistance AND an eventual breakout out of consolidation, and resumed the left side sell swing.
Our concept of trading price action 'says' that these same prices will again be relevant when there is a move back to this same area.
Refer From : http://tradingpriceaction.com/
