EDUCATION: BULL MARKET STRUCTURES EVERY TRADER NEEDS TO KNOW

Hello Traders
Today we are gonna discuss about bullish market structures, As you know structures are main patterns which can give us proper direction of market.

1) Fibo Correction:
In this structure you can see i have mentioned impulse and correction, This correction can be taken from Fibo levels, This structure is also called "N" Structure because correction is downward in bullish market.
Strong Fibo levels depends on Time Frames.
- Monthly Time Frame Strong Fibo is 38%
- Weekly also 38-50%
- Daily strong Fibo levels are 61-78%
- 4h same as Daily 61-78%
In correction we see bullish rejection on these Fibo levels accordingly our Time Frames and we sit in long for next bullish impulse.

2) Range Correction
Probably you have seen any times this range pattern in market.
Range correction happens when price has no volume.
In this structure we focus on last Impulse either it was bullish or bearish.
If the last impulse was bullish we focus on sitting bullish market after breakout of ranged resistance.

3) Bullish Correction in Bullish Market
This structure works same in bearish market like "Bearish correction in Bearish Market"
This structure is also called trend changer "Pull back or reversal"
We can see After Bullish impulse market made bullish correction or upward correction this is always a strong signal that market is gonna changing its trend from bullish to bearish.
"Remember don't compare wedge pattern with this structure"