ABOUT PRICE ACTION

PRICE ACTION
Price Action- is a method of technical analysis that is based on candlestick charts.
To increase the effectiveness of this analysis, I use two indicators in addition:

Tenkan-sen
Tenkan-Sen (TK): It is the average of the last 9 periods (highest high + lowest low)/2.
It is a turning line and a smaller support/resistance line.
Tenkan Sen (red line): It is also known as the trend line.
Tenkan Sen (TK) is an indicator of the market trend.
If the red line moves up or down it indicates that the market is in trend.
If it moves horizontally, it signals that the market is in consolidation.

Kijun-sen
Kijun-Sen (KS): It is the average of the last 26 periods (highest high + lowest low)/2.
This is the line that is most often used as support/resistance.
Kijun Sen (blue line) acts as an indicator for future price movements.
If the price is above the blue line, it can continue to move up.
If the price is below the blue line, it may continue to fall.
If the line is horizontal it means that the market is consolidating.

Why it's worth it?

War, Pandemic, Crisis.
How will the markets behave during these times?
It can all be calculated.

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