Structure drawing

Hello,

Structure drawing is a crucial skill for wave traders as it helps them to identify potential price movements and trade opportunities. Technical analysis relies heavily on charting patterns, and understanding the different structures is vital to making informed trading decisions. Ascending and descending channels are two commonly used structures in technical analysis.

Ascending channels depict an upward trend with higher highs and higher lows, while descending channels indicate a downward trend with lower highs and lower lows.

By identifying these structures, traders can determine the strength of a trend, potential support and resistance levels, and make profitable trades accordingly.

Herein is an example of the the descending channel. Mastering the skill of structure drawing is crucial for wave traders to succeed in the financial markets.

Best regards,
Thesharkke

Trade active:

Comment:

good opportunities for buys to 22 as the target