market structure education
Sellers market:
Look for bearish engulfing and strong price rejection such as shooting star at resistance levels such as downward sloping trend line resistance and higher timeframe key level resistance.
Buyers market:
Look for bullish engulfing and strong price rejection such as hammer at support levels such as upward sloping trend line support and higher timeframe key level support.
Engulfing and indecision candles show exhaustion. This confluence paired with higher timeframe analysis, wave count analysis, market timing and key level is the best confluence when seeking to enter a trade or exit a trade.
I take profit at each push and re enter after price has pulled back to an area of confluence for re entry.
Good luck trading.
Look for bearish engulfing and strong price rejection such as shooting star at resistance levels such as downward sloping trend line resistance and higher timeframe key level resistance.
Buyers market:
Look for bullish engulfing and strong price rejection such as hammer at support levels such as upward sloping trend line support and higher timeframe key level support.
Engulfing and indecision candles show exhaustion. This confluence paired with higher timeframe analysis, wave count analysis, market timing and key level is the best confluence when seeking to enter a trade or exit a trade.
I take profit at each push and re enter after price has pulled back to an area of confluence for re entry.
Good luck trading.
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