In the context that the bars are formed (time period of chart that you refer to) each bar is a fight between a bull and the bear, a buyer and the seller. Unless the market is in a sideways range, one side is the winner and prevails over the other.
The bars formed in this struggle between the Bulls and the Bears reveal a story. Price Action is understanding what type of Candlestick BARS are formed and in which area of the chart - the context is important here. The Candlestick patterns become words that give meaning to the story.
Learning PA and Candlestick together, you will get an insight as to the important areas of the chart. i.e if these are near/close to Support, Resistance, Breakout, Breakdown, Retracement Area, Pullback etc. The idea is to UNDERSTAND AND TRADE WITH THE TREND OR IN AREAS WHERE THE PRICE HAS FOUND SUPPORT OR RESISTANCE, is BREAKING OUT OR BREAKING DOWN OF A RANGE. These are highly probability trades, with good Reward to Risk.
Good luck.
My approach is not limited to harmonics as yet. I have a book full of classical chart patterns as well. What do you think about those?
Can you explain what is price action exactly? I am learning from candlestick chart patterns only. Trade like the pros by suri duddella. and MM by ryan jones.
I am raelly desperate to learn, I focus on everything I learn with a fully researched and systematic way as to not waste my time. I did the same with FA, i locked down to value investing and then dividend growth from then on.
I was planning to trade chart patterns and then lock on into my personal niche in that as well.