The Importance of Structure
As per the 4 examples above and the yellow circles, you can clearly see via this Gold example the importance of strict.
The market likes t move in cycles and always likes to retest zones where it has been before.
Sometimes we get the impression that price has to revisit the immediate previous high or low.
but that is not always the case. price meets structure points that are relevant to where are relevant to its current position,
Meaning that price may meet is exact previous high or low OR it can meet one that was made a day, week, or even months before .
Thats why making sure we zoom out and look at price from daily and weekly and even monthly support and resistance is so important.
Otherwise it is very easy to miss a point where a potential reversal or continuation can happen,
The market likes t move in cycles and always likes to retest zones where it has been before.
Sometimes we get the impression that price has to revisit the immediate previous high or low.
but that is not always the case. price meets structure points that are relevant to where are relevant to its current position,
Meaning that price may meet is exact previous high or low OR it can meet one that was made a day, week, or even months before .
Thats why making sure we zoom out and look at price from daily and weekly and even monthly support and resistance is so important.
Otherwise it is very easy to miss a point where a potential reversal or continuation can happen,
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