Got it! Here’s a refreshed version for your COMPLETE THREAD on Price Action:
THREAD: Understanding Price Action Like a Pro 📊
If you want to improve your trading skills, mastering Price Action is essential! Here’s how to use RSI, Trendlines, and Volume to make informed trading decisions.
1. RSI (Relative Strength Index)
RSI helps you gauge the strength of a price move by comparing recent gains to losses.
• Overbought: RSI > 70 = possible reversal down.
• Oversold: RSI < 30 = possible reversal up.
Use it to spot trend exhaustion and potential turning points in the market!
2. Trendlines
Trendlines show the overall direction of the market.
• Uptrend: Draw a line connecting higher lows.
• Downtrend: Draw a line connecting lower highs.
Breakouts from trendlines can signal major shifts or trend continuations—so watch them closely!
3. Volume
Volume shows the level of market interest in a price move.
• Rising volume: Strengthens the validity of price movements.
• Decreasing volume: Can signal a lack of conviction in the move.
Combine volume with price action to confirm breakouts or reversals.
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This version builds a smooth flow across the three tools. What do you think?
