moonchild
VIP Contributor
Market structure is defined as the series of impulsive and retracement moves the market makes consecutively in a trending market, if we observe clearly we can see a series of higher highs and higher lows in an uptrend and a series of lower lows and lower highs in a downtrend, this makes a perfect market structure.
It is advised to buy at a retracement zone because the market is discounted at that price level, the move upward will produce more profits than just buying higher, it can also break when there's a high or ow tat couldn't penetrate through the former high/low.
It is advised to buy at a retracement zone because the market is discounted at that price level, the move upward will produce more profits than just buying higher, it can also break when there's a high or ow tat couldn't penetrate through the former high/low.
