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How To Detect Market Structure
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[QUOTE="moonchild, post: 221870, member: 57467"] Market Structure is basically how a market behaves this means the constant state of the market whether it's going up or going down, market structure shows you what the market is saying and knowing how to deal with market structure is very important in Forex because you'll be able to know which time you should enter and which time you should exit and which time you should stay back and fold your hands. We have basically types of market structures namely: Uptrend Market Structure: This is a state of the market where it's going up and forming a series of higher highs and lower lows as a retracement, this is a signal that shows you the buyers are in control and its a good time to buy. Downtrend Market Structure: This is a state of the market where price is going down making a series of lower lows and higher lows as retracement, this shows that sellers are in control and it's a good time to sell the market. Consolidation: This is a state where there's no any definite movement in the market and price is just moving sideways, in this situation, you should just fold your hand and watch because it's an indecision stage. [/QUOTE]
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