Hi all,
I felt compelled to spend quite a bit of time to create what I believe is an incredibly comprehensive guide to understanding the movements of the market. If you're tired of getting burned on every run, then look no further. Let's begin.
You might notice a handful of purple and black bars in this chart- their purpose is to designate "structures", or zones...
Check out the numerous '' micro patterns '' that develop and establish the '' macro pattern s''. Each element provides a particular insight on the direction of the stocks future trend.
Here's a clear example of price structure: a few days ago the resistance level at 123.00 (tested multiple times in the past) has been broken and now it has been retested as support. Today's candle seems to confirm such level is holding as support but wait for candle closure.
