Here is Part 7, continuing the English blog with a deeper discussion of market structure, confirmation, scenarios, and trader discipline.WritingBank Nifty May Go to 61,000 If It Stays Above 57,300Part 7: Market Structure, Confirmation, Alternative Scenarios, and Trader DisciplineReading Market StructureMarket structure is one of the foundations
Here is Part 7, continuing the English blog with a deeper discussion of market structure, confirmation, scenarios, and trader discipline. Writing Bank Nifty May Go to 61,000 If It Stays Above 57,300 Part 7: Market Structure, Confirmation, Alternative Scenarios, and Trader Discipline Reading Market Structure Market structure is one of the foundations of technical analysis. Instead of focusing on a single price level, traders can study how prices behave over time. An upward market structure is often characterized by: Higher highs. Higher lows. Stronger buying during declines. Successful breaks of previous resistance areas. Buyers defending important support zones. If Bank Nifty remains above 57,300 while maintaining a sequence of higher highs and higher lows, some traders may interpret the structure as supportive of the bullish scenario. However, market structure can change quickly. A previously strong uptrend can become sideways or bearish if important support levels fail. T...