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Understanding the Crucial Aspect of Inducement in the Smart Money Concept
๐ ๐ ธ๐ ณ๐ ด๐ พ ๐๐๐ ผ๐ ผ๐ ฐ๐๐ / ๐ บ๐ ด๐ ๐ ฟ๐ พ๐ ธ๐ ฝ๐๐:
โ A high is confirmed as a higher high only when there is a break in the minor structure to the downside.
โ This first low break of structure from a minor structure is called an inducement.
โ An inducement is the first low of the minor structure that breaks to the downside, reversing from an uptrend to a downtrend on the little structure.
โ To confirm the occurrence of a higher high in a major structure, a higher high in the major structure cannot be verified unless there is a breach in the low of the minor structure.
โ The same applies to a low being confirmed as a lower low.
โ A low is confirmed as a lower low only when there is a break in the minor structure to the upside.
โ This first high break of structure from a minor structure is also called an inducement.
โ An inducement is the first high of a minor structure that breaks to the upside, reversing from a downtrend to an uptrend on the minor structure.
โ To confirm the occurrence of a lower low in the major structure, a lower low in the major structure cannot be verified unless there is a breach in the high of a minor structure.
โ Understanding inducements is essential to grasp the smart money concept.
โ Use a higher time frame to identify major structures and look for swing highs and lows of the major structure.
โ Use a lower time frame to identify minor structures and look for the swing highs and lows of the minor structure within the range of the major structure.
โ Identify the inducement by looking for a pullback in the minor structure.
โ By following these steps, you can differentiate between major and minor market structures and find the inducement.
โ ๏ธ DISCLAIMER โ ๏ธ
The information on this channel is for educational purposes only. It should not be taken as a substitute for consultation from a financial expert. Before trading in the financial market, please consult your financial advisor. Some available contents do not consider your personal objectives, financial situations, or needs. We want to encourage you to seek independent advice if necessary.
Any data and information provided โas isโ solely for informational purposes and are not intended for trading purposes or advice. StarseedFX does not take any responsibility or liability for any financial investment initiated or carried out based upon or using information from StarseedFX.
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#Downtrend
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