The underlying theory and application of Price Action is based on empirical understandings of how markets function and behave. To the best of our knowledge, price action has always been the same. However, the market has various cycles and because of this trading requires flexibility. Knowledge of the foundations of price action is essential to achieve this flexibility.
By continually practicing and reviewing thousands of charts, your experience will grow. With this experience and familiarity of how markets function and move, an individual can better adapt to the changing market climate.
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