Price action is the raw movement of prices on a chart, reflecting the psychology of market participants. By studying price action, you can identify trends, reversals, and key support and resistance levels without relying heavily on indicators. Candlestick patterns like pin bars, engulfing candles, and doji provide valuable insights into potential market direction. For example, a bullish engulfing candle at a support level suggests a reversal to the upside. Combine price action analysis with higher timeframes for a clearer perspective. Mastering price action allows you to make decisions based on what the market is doing right now, rather than lagging data. It’s a skill that empowers traders to interpret and adapt to market conditions.