Yes, it is possible to practice price action trading without relying on candlestick patterns. While candlestick patterns can provide useful information about market sentiment and potential price movements, they are just one aspect of price action trading.
Price action trading is a broad term that encompasses a range of trading strategies that focus on analyzing the price movement of an asset. The goal of price action trading is to identify trends, key support and resistance levels, and other important price levels without relying on lagging indicators or other technical analysis tools.
Some common price action trading techniques that do not rely on candlestick patterns include:
Trendlines: Drawing trendlines on a chart can help identify the direction of the trend and potential areas of support and resistance.
Chart Patterns: Chart patterns, such as head and shoulders or double tops, can provide information about potential trend reversals or continuation patterns.
Price Levels: Key price levels, such as previous highs or lows or round numbers, can act as support and resistance levels.
Moving Averages: While moving averages are technically an indicator, they can be used in a price action context to identify trends and potential support and resistance levels.
Ultimately, the key to successful price action trading is to develop a deep understanding of how the market works and to be able to read the price action with a discerning eye. While candlestick patterns can be useful, they are not essential to becoming a successful price action trader.