Identity market structure correctly using ICT Concepts #trading #forex

a.Marking market structure is an essential skill for traders, as it helps them understand the price movement and identify potential trading opportunities. Market structure refers to the patterns created by price action, including trends, swing highs and lows, and support and resistance levels. Here’s how to effectively mark market structure: Understand Basic Concepts of marking using ICT Concepts: Kindly take note of the steps below a. Swing Highs and Swing Lows: A swing high is formed when the price reaches a peak and then retraces. Conversely, a swing low occurs when the price drops to a trough and then rebounds. Trend Direction: Identify whether the market is in an uptrend, downtrend, or ranging (sideways). Identify Trend: b. Uptrend: Mark higher highs (HH) and higher lows (HL). In an uptrend, each subsequent high and low is higher than the previous one. Downtrend: Mark lower highs (LH) and lower lows (LL). In a downtrend, each subsequent high and low is lower than the previous one. Range: In a ranging market, price oscillates between defined support and resistance levels. #forex #ict #trading