Anyone know any articles describing trading based on price action?
I’m pretty sure I do it already based on S&R bounces but just wanted to review it…
…or if some can explain
I found some on there but it seems to be different things, sometimes based on tape reading, sometimes based on volume.
I saw an article describing swing highs and lows:
swing high as:
A three bar combination
A bar preceded and succeeded by lower highs
swing low as:
A three bar combination
A bar preceded and succeeded by higher lows
There is an inherent delay in determining the trend here and although you can use it to determine the current trend at an S&R point, it doesn’t really help in describing whether you should go short or long at the S&R point. Apart from candles and bollinger bands, I’m wondering if I should be looking at volume but I don’t know if this is PA based as described above?