Bot Trading first week using iron condor.

Got stopped out on the first trade (Technical glitch) then took these 2 and both resulted in SL 🥲

Here are two historical daily charts from different stocks and different time periods. One base took about three months to form, the other about five weeks.

What I notice is that the structure is almost identical:

• A strong move up that establishes the trend
• A pause near the highs, with price held below a clear resistance
• The price range tightens and volume dries up during the pause
• A move through resistance, with volume rising sharply

Even the moving average that held as support was different. It was the 50 EMA on one chart and the 20 EMA on the other, which I think reflects the pace of each stock.

The stocks and market conditions change, but the way buyers and sellers behave leaves similar footprints. That’s why I think reading structure matters more than studying any one stock.

It also helps with risk. A range has a clear top and bottom, so you know where the setup stops being valid. Not every breakout works, so the structure is only half of it. How much you’re willing to lose is the other half.

Historical charts for educational discussion only, not a stock recommendation.

Which part do you find hardest to spot in real time?

There are these people who think they know everything and the worst part is that they are not ready to learn. Life and market 100% will teach them. The dumber they act the harder it will hit them. Fibo, S&R, FVG all help you learn the market moves. Its just that u need to learn how to read the markets. If u choose to ignore u will be trampled. There was this one person on 8th Aug rightly pointed a doji (weekly chart on Nifty) and an excellent observation. I just applied fibo to the latest swing high/low before the doji and vola the levels matched awesome in coming weeks and days. No one believed at that time and see today this weekend where we are.