@sleekfacez
PS: DON'T FORGET TOO LOOK AT THE IMAGE.
Today we would be looking at the various structures in the market.
The market activities are represented in the form of a flowing chart made up of two candle sticks that represent the Buys strength and the Seller's strength.
Understanding market structure plays a vital role in a traders decision making while trading. The MARKET STRUCTURE means the current pattern of the market (you can find another definition in the image below).
There are 3 types of movement the market makes, they are the UPWARD MOVEMENT (UPTREND/BULLISH TREND), DOWNWARD MOVEMENT(DOWN TREND/BEARISH TREND) AND LASTLY THE RANGE.
HOW TO IDENTIFY MKT STRUCTURES
The UP TREND creates HIGHER HIGHS & HIGHER LOWs while The DOWN TREND creates LOWER HIGHS & LOWER LOWs and the RANGE creates FAIRLY EQUAL HIGHs & LOWs (I say fairly because sometimes it may create a false push to the up/down side just to clear stop losses).
I HOPE THIS HELPS SOMEONE.