Price action trading is a technique in which traders analyze the price movement of a financial asset without the use of any additional indicators. Instead, they rely on the pure price information that is represented on a price chart.
One key price action candlestick used in this technique is the Marubozu candlestick. The Marubozu candlestick is a type of candle that is characterized by a long real body, either bullish or bearish, with little or no upper and lower shadows. This indicates high momentum in the direction of the trend and a strong commitment by either buyers or sellers.
As traders, we can use this information to identify high momentum stocks for intraday trading and make informed decisions.
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#priceactiontradingstrategies #marubozucandlestick
#intradaytradingforbeginners #highmomentumstocksforintraday
2 янв 2023
