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Open in appPullback Trading and Six Price Action Rules
Price action is the pattern that most of the market is following, and the trend can take several shades. This video sets out six price action rules and argues that any option strategy should be traded only after the price action is clear.
It covers how to identify an upward trend, a downward trend, a pullback and a respite, with a focus on pullback areas as trading zones.
What you’ll learn
✓What price action tells you about consensus
✓Six price action states of a trend
✓Identifying pullback and respite phases
✓Matching the option strategy to the price action
