Price action trading is a strategy that relies on analyzing past price movements to make trading decisions, without using traditional indicators or complex tools. Traders focus on patterns, trends, and key levels like support and resistance to predict future price movements. By interpreting candlestick patterns and chart structures, they aim to understand market psychology and make informed trades. This method is popular among day traders and swing traders, as it provides a clear, real-time view of market sentiment. It requires discipline, sharp observation, and an understanding of chart dynamics, making it a practical approach for experienced traders seeking precision.