MARKET STRUCTURE 1-0-1
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1. I dentify recent Brekout (BO)
2. pick High or low
3. Anything in between ignore
4. wait for new (BO),
5. Next, if high breaks, the lowest point is new low
6. If low breaks the highest point befor BO is the new high
These highest and lowest point are external.
7. How do we know if pull back started? if opposite break in the same TF or 1 TF below happens
we follow same for internal structure and for market flow internals are alway priority to trade.
but externals gives direction.
for retracement trade we follow internal stucture
and for trade in direction we follow external structure
These areas are your real Support and Resistance Key levels to look for action or take trade. wait for price to come here and you will see a lot difference in trade.
Then you can follow MTF (3 time frame)
1. HTF for direction.
2. 2TF for control of direction
3. LTF for entry confirmation