Price action means to analyze the market price movements of a security to speculate its future. It is a trading technique that allows a trader to read the market and make subjective decisions based on the recent and actual price movements, rather than relying solely on technical indicators.
Price action can be analyzed using charts that plot prices over time. Traders use the different charts for improving their ability to analyze trends, breakouts and reversals. In these charts price and the time are considered to be the two most important variables. If prices are moving up, it implies buyers are in control; whereas, in declining markets, it means that sellers are running the show.
Price action strategies are used by retail traders, institutional traders and hedge fund managers to make predictions on the future direction of the price of a security or financial market. This skill can be acquired through proper guidance, the BSE Institute Ltd. offers a course on Price Action Strategy for Day Traders, to know more visit- https://bsevarsity.com/products/price-action-strategy-day-traders-course?_pos=1&_sid=14d16e44a&_ss=r