So for me, my preferred price action analysis techniques, I have always been adamant about keeping things simple. So as such, the biggest important component of my techniques in price action analysis is I use very frequently or very adamantly use horizontal support resistance as one of the key elements that I look at. The other very important thing that I may use very frequently and commonly use is what I call the horizontal support-resistant reversal phenomenon.
As you can see in this chart example over here where key supports after being violated become key resistance. So these are the horizontal lines that I pay very, very close attention to. And in fact most of my personal trading setups to enter a trade or even exit a trade happens at this kind of levels if I am able to identify them in any of the instruments that I’m tracking.
And of course the next very important aspect that I use with very diligently and religiously is what I call the trend lines and the trend channels. So to put it very simply, my price action analysis techniques really mixed use of this three important elements. Of course, I do use other things like trading volume, even moving average as such, more of confluence factors. But primarily my action price action analysis techniques makes use of these three main things.
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