In trading, we use the concept of “Break of Structure” to identify changes in market direction. Market structure can be upward with increasing lows and highs, or downward with decreasing lows and highs. 🔍 A break in structure can be referred to by different terms: - CHoCH (Change of Character) - BOS (break of market structure) For simplicity, we use CHoCH to denote a change in market character and BOS to confirm the structure. 📊 What does it mean? - CHoCH is a change in trend direction. - BOS is an update of the highs and lows. In uptrend we see an update of highs, in downtrend we see an update of lows. 🚨 How to trade a structure breakdown? 1. Identify the CHoCH on the chart. 2. Use the Fibonacci retracement grid: - For short positions: from swing high to swing low. - For long positions: from swing low to swing high. 3. Expect a correction in OTE (Optimal Trade Entry). 💼 In this area, look for additional factors (e.g. Smart Money Concept tools). Price always tends to OTE, ideally look for entry points in the 0.705-0.79 Fibonacci range. 💡 Understanding these principles will help you better navigate the market and make more informed trading decisions! #Education

Thank you @Eric Seto @Michael Leung

I recently achieved my first profit with Investing Accelerator. I closed MSFT 15JAN27 CALL with strike 360 for a total profit of 75% in 71 days.....thank you Eric! And thanks Eric and Michael for awarding me 1 share of CMG for that :) !!

Im new here and looking forward to leaning while getting paid to invest.

Watching SOUN It recently broke out of a base and looks like headed upwards with some momentum. I'm watching this for next week for a swing trade. This would not be a long term hold - just hoping to capitalize on short term price movements....and also testing out new strategies I'm using for swing trading.