Please expand and elaborate a little more on price action as you see it.
The very first time I instantly associated Price Action with all kinds of patterns and nothing else, this is how I'd look at it now:
Price Action = The thing that price does = Moves (can only go up or down)
The only time where it doesn't move is when the market is closed.
"How" does it move?
- It can move faster or slower.
- It can be moving more heavily in one direction or it can be range bound.
- It can make higher highs, higher lows, lower highs, or lower lows.
- It can reverse or breakout from highs or lows.
When I look at the chart I'm looking at compressed data of what price has been doing for that chart's timeframe.
Maybe the best approach to this would be:
- Look left within the chart to look at how price has been moving recently as clues to what price might keep or not keep doing at some levels (Knowing that anything can happen).
- Trade in the direction that price is currently moving (line cross), look at what price is currently doing, and keep note of what price did in the recent historic data.
That's all I can do since I can't predict. Trade knowing what price has been recently doing, and according to what price is currently doing.