Learn to split market structure into two layers: the broader peripheral structure and the recent actual structure. Use Fibonacci retracement at the 75% level to find entry points. Once price hits that level, directional potential is exhausted and you can enter a long position.
Market structure is an art. We need a certain rule that objectifies it. I will read it in 2 layers: peripheral structure and the actual structure. The latest breakout is actual structure, and the peripheral structure will be this. In this case, this level has been actually broken from here. The rule is we follow the actual structure, but we couldn't go against the peripheral structure. We just struck a Fibonacci here and here, and we check where is the 75 level. In this case, can be this. So we perfectly know that we can follow this structure till this level. So we can take some kind of trades here. Once this level has been reached, our directional potential finished, and even if the actual structure is actually against us, we can just take a trade from here searching for a long.
