Structure: Support/ Resistance & Trendlines

Learning how to identify structure patterns in the chart to increase your odds of becoming profitable.

Identifying Structure

The foundation of chart analysis is the candlestick and their respected patterns, building on top of that is structure. If the charts were a book then the candles are the letters and structure patters are the words. Together, the two tell a story of price action and once you learn how to read the story then you can predict the ending.

There are MANY ways to interpret the story. My goal here is to teach you a simple and reliable system for accurately reading the story, so that you can predict the ending with a high level of certainty.

Check out the video below where I outline the basics and give you real chart examples of trades executed for our clients in our MAM fund.

Look out for the next video where I will cover Fibonacci and other price action tools and indicators to assist you in generating a case for executing an order.

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Written by: Angel Mondragon.