Price Action
Any representation of price movement.
- Any financial instrument
- Any type of chart
- Any timeframe
- 50 years ago, was seen by reading the tape
Everything is important
- Everything happens for a reason, there is no "noise".
- One can explain every single bar with good chart reading skills
Genetically based
- Reflection of human behavior
- So market will behave the same way before, now and in the future
Price leads fundamentals
- Price usually moves earlier than news event, because buyers or sellers begin to sense price is wrong.