Always remember that market structure has only three states: uptrend, downtrend, and consolidation range; there are no tops or bottoms as commonly understood. 'The market moves in one of three ways: up (bull trend), down (bear trend), and sideways (consolidation).' The structural analysis method has opened a window for us to read and understand the market. Understanding market structure enables us to effectively grasp the rules of price movement and the true strength comparison of the market. Market structure is the most important and fundamental technical analysis tool. Understanding market structure can effectively distinguish between market pullbacks and market drives, which plays an important supportive role in grasping the true operational trend of the market and objective analysis.
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