FORMS OF MARKET STRUCTURE 🧑🎓
There are two major forms of market structure:
1. Trending market (market either heading up or down)
2. Ranging markets (market moving side to side)
It's important to know these market structures because they provide the best opportunities for money making
Very very important to note, we have one more type of market structure we all as professional traders should be able to identify... The Choppy Market
The choppy market seems very much like the ranging market, but they are very different. And ability to tell the difference will always put you one step ahead.
A choppy market has no definite direction. It's very unliquid and full of market indecision. It's sort of a very tight range between the bulls and bears. Choppy markets should always be avoided at all costs.
One easy way to tell the difference between a choppy and ranging market is that choppy market are normally characterized by clusters of poorly formed candles which are almost of the same height
There are two major forms of market structure:
1. Trending market (market either heading up or down)
2. Ranging markets (market moving side to side)
It's important to know these market structures because they provide the best opportunities for money making
Very very important to note, we have one more type of market structure we all as professional traders should be able to identify... The Choppy Market
The choppy market seems very much like the ranging market, but they are very different. And ability to tell the difference will always put you one step ahead.
A choppy market has no definite direction. It's very unliquid and full of market indecision. It's sort of a very tight range between the bulls and bears. Choppy markets should always be avoided at all costs.
One easy way to tell the difference between a choppy and ranging market is that choppy market are normally characterized by clusters of poorly formed candles which are almost of the same height