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Trading the Doubles
Price action is the study of past price movements in an effort to trade the future. While this definition could be applied to the entirety of technical analysis, it has a special meaning with the topic of price action because price action investigates price, and price alone. One of the most important elements of price action analysis is support and resistance, because if we can notice a specific price at which buyers or sellers have entered a market in the past, we might be able to use that in our favor in the future. In this article, we’re going to examine a formation that can develop around these areas of support ... (full story)