If you want to understand the tweets I send, and follow the trading ideas, you must learn this. Once you master these basic concepts, combined with my daily practical trading sharing, I believe that soon, you too can become a full-time trader.
1. What is a structure? What is the essence of a structure?
In the chart, we refer to double bottoms/tops, and head and shoulders bottoms/tops as structures.
The essence of a structure is represented by the black line segments in the chart, which can be divided into two types: bullish structure 📈 and bearish structure 📉.
Point A is the starting point of the structure, the horizontal line at point B is called the neckline, point C is the retracement point of segment AB (also known as the turning point), and point D is the target point of this structure.
