Chart Skills · Beginner

Price Action

Read raw price: candlesticks, support and resistance, trends and market structure.

5 lessons 15 min
Lesson 01

Reading a candlestick

Each candle shows the open, high, low and close for a period. The body shows where price opened and closed; the wicks show how far it travelled. Long wicks often signal rejection of a price level.

Lesson 02

Support and resistance

Support is an area where buying has repeatedly stopped price falling; resistance is where selling has stopped it rising. Treat them as zones, not exact lines, and give more weight to levels visible on higher time frames.

Lesson 03

Trends and ranges

An uptrend prints higher highs and higher lows; a downtrend prints lower highs and lower lows. When neither appears, the market is ranging. Identifying which state you are in decides which setups make sense.

Lesson 04

Market structure

Swing highs and lows form the market's structure. A break above a prior swing high in an uptrend confirms continuation; failure to make a new high can be the first sign of a shift.

Lesson 05

Combining it into a setup

A simple price action setup combines direction (trend), location (a key level) and a trigger (a rejection candle or break). Without all three, stay patient.

Key takeaways

  • Levels are zones, not exact prices.
  • Higher highs and higher lows define an uptrend.
  • Direction + location + trigger = setup.
Practise with

Market Analysis Tools

Live chart, Fibonacci levels and pre-trade checklist.

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