ade-stocks.cam/price-action. html 10, Price Action Tips That Will Make You a Better Swing Trader What is price action? Price action for swing traders is the art of looking at individual candles to determine the probable direction of a stock - without using any technical indicators. Ultimately, analyzing price action tells you who is in control ofa stock. It also tells you who is losing control: the buyers or the sellers. Once you-are-able to determine this, you can pinpoint reversals in a stock and make money. Learn the price action tips on this page and I guarantee you that you will be a better swing trader. Tip #1. Identify support and resistance levels Thisis.a no brainer. Identifying support and resistance levels is one of the first things you learn in technical analysis. Itis the most important aspect of chart reading. But, how many traders really pay attention to it? Not many. Most are too busy lecking at Stochastics, MACD, and other nonsense. Some traders think that a support or resistance level is a specific price. Wrong. It's an area on a stock chart. Let me give you an example. JALXN (Alexion Pharmaceuticals, inc.) Masaag one tockChartecem san2012 ‘Open 70 20. Migh 74.05, Low 00 $2 Clowe 7029 Volume 7a7 0% sma Abin COally) 7039 aman 37 Mia(200) 5650 x ES i, EMMA) Lent JVILLAFLOR