Can price action be analyzed at majors?

<p id="isPasted">Yes, price action can be analyzed at major markets. Price action trading, which focuses on interpreting price movements to predict future price behavior, is applicable across various financial markets, including major indices, currencies (Forex), and commodities.&nbsp;</p><p>Explanation:</p><p>Universality of Price Action:</p><p>Price action principles are based on fundamental market dynamics like supply and demand, which are present in any market with trading activity.&nbsp;</p><p>Major Markets and Price Action:</p><p>Major markets like the S&amp;P 500, Dow Jones, or major currency pairs (e.g., EUR/USD) exhibit price action patterns just like any other market. Traders can identify support and resistance levels, trendlines, candlestick patterns, and other formations to analyze and potentially profit from these movements.&nbsp;</p><p>Price Action Strategies:</p><p>Strategies like identifying candlestick patterns (e.g., engulfing, pin bars), trendlines, and support/resistance levels are commonly used in major markets to make trading decisions.&nbsp;</p><p>Example:</p><p>A trader might analyze the price action of the EUR/USD currency pair to identify a potential head and shoulders pattern (a reversal pattern) near a significant resistance level. If the price breaks below the neckline of the pattern, it could signal a potential short trade.&nbsp;</p><p>Focus on Price:</p><p>The core of price action trading is to focus on the price movements themselves, rather than relying heavily on technical indicators.&nbsp;</p>