IDEA - Market Structure 101

7 Ağu 2021

Hello everyone, if you like the idea, do not forget to support with a like and follow.

IDEA was overall bearish making lower highs and lower lows.

However, the impulse movements were getting flatter and smaller in size. This gives us an early alert that the sellers might be losing momentum.

Then the sellers failed to make a lower low, instead made a higher low, and that happened around a demand zone from H4.
This was our second alert that a potential reversal is getting closer.

Then IDEA broke above the last high, which means that the buyers finally took control and we are currently in a bullish market expecting the market to make higher highs and higher lows (from a short-term perspective)

Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich