Hello, my friend, and welcome to this post on Price Action Course. In this post, we will talk about a brief tutorial on Price Action Course which focuses on a trading price action bar-by-bay including intrabar analysis along with volume for day trading and swing trading.
I hope you enjoy it!
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Price Action Course – Video
Hey friends, welcome to this video on support, resistance, and intrabar trading for price action course corrections. There are two key points I want to cover. First, let’s talk about this large volume bar. This is a live recording of the market, but I’m not trading live—I just want to show you what to watch for as the market moves. This is a two-minute chart, so we can see the bars forming and closing in real-time.
Volume with respect to Support/Resistance Levels – Price Action Course
If you look at the bar right now, we’ve got some green movement, but earlier there was a significant volume spike. This spike occurred as price briefly pierced through the resistance level (the cyan line). We saw three attempts to test this resistance, but on low volume, meaning there wasn’t much market demand. Even though one of the bars pierced above the resistance, it closed below, showing a rejection of value—the market wasn’t willing to trade at those higher prices.
The next bar, however, had a large range with price dropping significantly, only for buyers to reject the lower prices and push it back up. This shows demand, and the big volume spike confirms that the market might be ready to break through the resistance level after a couple of failed attempts. However, we have to watch it bar by bar because no one knows the future. Trading is like a chess game—you make your move, then wait for the market to respond. We don’t know what will happen next, but we prepare for all possible outcomes.
Evaluating Candlesticks – Price Action Course
Now, the second point I want to make is about evaluating candlesticks only after the bar has closed. Some traders make the mistake of analyzing the bar before it finishes forming. For example, if you see what looks like a bullish pin bar with a long lower wick, don’t rush to conclusions until the bar has actually closed. As we just saw, it changed before closing and didn’t turn out bullish at all. So, don’t make buying or selling decisions based on intrabar analysis.
Final Takeaway
Finally, don’t get too focused on the colors of the candlesticks—whether they’re red or green. What matters more is the overall context: long wicks, the range of the real body, and how the market is reacting at key levels like support and resistance. Even a green bar can be bearish if it has a long upper wick, as we saw here.
That’s it for today’s lesson.
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