what is price action trading

what is price action trading is a strategy traders to analyze. And make decisions based solely on the movements of an asset’s price on a chart. Unlike relying on indicators or oscillators. Price action traders interpret raw price data to identify patterns, trends, and potential market reversals. By closely observing price movements and recognizing key support and resistance levels. Traders aim to anticipate future price movements and make informed trading decisions. Price action trading emphasizes understanding market dynamics and sentiment through observing price movements. Allow traders to react quickly to changing market conditions. This approach is favored by many traders for its simplicity and effectiveness in capturing profitable opportunities in various financial markets.