Who controls the market: Bulls or Bears?
Price Action (PA) analysis monitors the ongoing conflict between buyers (Bulls) and sellers (Bears). Buyers strive to acquire assets at the lowest price, hoping for future gains. Sellers seek the highest price to realize profits. The price movement reflects their collective psychology, driven by the hope for profit and the fear of loss. Your primary job as a professional day trader is to determine which group dominates the market at any given moment.