Price Action Analysis Using Candlesticks by Solomon Chuama
Yes, it is possible to analyze price charts without using any indicators. Here’s the raw deal.
Open up a candlestick chart of any stock with no indicators and analyze the price action on that chart for a certain period of time. This is known as price analysis using naked charts. You’re using natural or “raw” price movement of the market to analyze and make all your trading decisions. You can use this raw price action analysis to trade any financial market, whether it is forex, futures, or equities. The market oscillation “footprints” that are left behind give you a clue to the market’s direction ...