Price Action is basically looking at price and the actions/ patterns it made during the tug of war betweern bulls and bears.
An important Thread 🧵👇
✅ An introduction to Price and Volume Action.
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Price Action is basically looking at price and the actions/ patterns it made during the tug of war betweern bulls and bears.
It helps us understand supply and demand zones and based on the patterns we can assume who is going to take ground either bulls or bears.
Volumes also play a pivotal role in assessing prower of the leading team.
Usually one should also add avg line in the volume indicator to assess whether the winning team is strong or not.
Price action consist of Uptrend, Downtrend & Consolidation. Uptrend means bulls are making price to form Higher highs and higher lows where it doesnt breach its Higher low .
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“Gun to the head—what would you decide now?”
“Fast forward 6 months after your sabbatical--how would you decide: what criteria is most important to you?”
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“What does success look like in a world where you pick that path?”
5/ When listening, after empathizing, and wanting to help them make their own decisions without imposing your world view:
“What would the best version of yourself do”?
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2/ The Magic Question: "What would need to be true for you
1/\u201cWhat would need to be true for you to\u2026.X\u201d
— Erik Torenberg (@eriktorenberg) December 4, 2018
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A thread, co-written by @deanmbrody: https://t.co/Yo6jHbSit9
3/ On evaluating where someone’s head is at regarding a topic they are being wishy-washy about or delaying.
“Gun to the head—what would you decide now?”
“Fast forward 6 months after your sabbatical--how would you decide: what criteria is most important to you?”
4/ Other Q’s re: decisions:
“Putting aside a list of pros/cons, what’s the *one* reason you’re doing this?” “Why is that the most important reason?”
“What’s end-game here?”
“What does success look like in a world where you pick that path?”
5/ When listening, after empathizing, and wanting to help them make their own decisions without imposing your world view:
“What would the best version of yourself do”?
