This is the Sixth lesson in our Basic Price Action Trading Course series.
In this Lesson, we are going to discuss about something called as Pattern Recognition!
Pattern recognition is all about identifying repeating Price Action Patterns on the Chart. It plays a crucial role to find trading setups with proper entries and exits. Without Pattern recognition, Price Action trading is very difficult. In this video, we are going to discuss about the various elements of Pattern Recognition and how it plays a vital role to find High probability strategy at Support and Resistance zones.
After going through the video, you’ll know how to recognize repeating Price Action patterns and find high probability trading setups
Important Topics Covered in the Trading Lesson
1. Importance of Recognizing Price Action Patterns | 2. Example of Price Action Pattern Recognition | 3. Why Pattern Recognition is important for a Price Action Trader ?
Test your Knowledge
1. Here’s an Assignment on Pattern Recognition
Have you gone through the Video ? After Completely going through the Video, Take this Assignment to Test your Knowledge.
Take a trading instrument that is highly volatile. Whether it’s a stock, currency or commodity, it doesn’t matter. First mark the recent support and resistance zone and then read the Price Action bar by bar near the zone. Now take another trading instrument and do the same. Keep repeating the Process, till you find repetitive Price Action Patterns.
If you’ve have any questions or queries, Leave it in the comments. I am more than happy to discuss…
Previous Lesson – Lesson 5 | Reading Price Action Bar by Bar
Next Lesson – Lesson 7 | Level Hold Price Action Trading Strategy
