Price action trading is a type of technical analysis that focuses on the movement of prices on a chart and attempts to predict future price movements based on historical price patterns. Price action traders rely on the use of various indicators to help identify potential trading opportunities.

Here are some examples of price action indicators:

Candlestick patterns: As discussed earlier, candlestick patterns provide valuable information about the market sentiment and potential future price movements.

Price action chart patterns: Chart patterns such as triangles, wedges, and head and shoulders can indicate potential trend reversals or continuations.

Trend lines: Trend lines are drawn on a chart to connect the highs or lows of an asset's price movement. They can help identify potential areas of support and resistance.

Moving averages: Moving averages can be used to identify the direction of the trend and potential areas of support and resistance.

Price action levels: These are specific price points where the market has shown a strong reaction in the past. Traders use these levels to identify potential support and resistance areas.

Fibonacci retracements: As discussed earlier, Fibonacci retracements can help identify potential support and resistance levels based on the ratio of previous price movements.

Market structure: Price action traders analyze the market structure, such as the highs and lows of price movements, to identify potential trading opportunities.

Overall, price action indicators are used to help identify potential areas of support and resistance and predict future price movements based on historical price patterns.

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