MARKET STRUCTURE RECAP · Luminary Trading

MARKET STRUCTURE RECAP

Hi Bull, I rewatched your market structure video and I have a question. Basically when a low is able to put up a new high that low is regarded as a major low or valid low. In your video on market structure there was a low which validly caused a CSD or CHOCH and put up a new high so ideally we expected price to pullback and then create a new high from the pull but in this instance price took that low which put up that recent high and you said it was because "there was a higher timeframe failure". So I guess my question is, How do you spot these higher time frame failures on a lower time frame like the 1min?

You can refer to 8mins:21sec of the video in the classroom or please find attached for your perusal(the circled PA above).

Happy trading,

Enoch

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