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Market structure
Oct 26, 2024 at 11:14
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3 Replies
Biedrs kopš
1 ieraksti
Oct 26, 2024 at 11:14
How to draw market structure
Biedrs kopš
2 ieraksti
Oct 26, 2024 at 21:24
WHAT DO YOU MEAN?
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Pielikumi
Become ATTACHED To the PROCESS not the OUTCOME
Biedrs kopš
17 ieraksti
Oct 31, 2024 at 09:02
To draw market structure effectively, follow these steps:
Identify the Trend: Determine if the market is in an uptrend (higher highs and higher lows), downtrend (lower highs and lower lows), or range-bound (sideways movement).
Mark Key Levels: Draw horizontal lines at significant highs and lows (support and resistance zones). These areas show where price has reversed or stalled before, helping to define the structure.
Label Swing Points: Mark each swing high and swing low. Uptrends have higher highs (HH) and higher lows (HL), while downtrends have lower highs (LH) and lower lows (LL).
Connect the Points: Draw trendlines to connect consecutive swing points in the direction of the trend. This visualizes the market flow.
Watch for Breaks: Note when price breaks previous highs or lows, which can indicate a change in structure (e.g., an uptrend shifting to a downtrend).
By mapping these points, you can outline the market structure and better understand price direction and potential reversals.
Identify the Trend: Determine if the market is in an uptrend (higher highs and higher lows), downtrend (lower highs and lower lows), or range-bound (sideways movement).
Mark Key Levels: Draw horizontal lines at significant highs and lows (support and resistance zones). These areas show where price has reversed or stalled before, helping to define the structure.
Label Swing Points: Mark each swing high and swing low. Uptrends have higher highs (HH) and higher lows (HL), while downtrends have lower highs (LH) and lower lows (LL).
Connect the Points: Draw trendlines to connect consecutive swing points in the direction of the trend. This visualizes the market flow.
Watch for Breaks: Note when price breaks previous highs or lows, which can indicate a change in structure (e.g., an uptrend shifting to a downtrend).
By mapping these points, you can outline the market structure and better understand price direction and potential reversals.
Helped 20K people around 200 countries, made forex easy.
Biedrs kopš
28 ieraksti
Mar 17 at 19:24
Hi
check out this video on youtube
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