Understanding Market Structure Ahead Of Q2 Earnings Reporting Season

Market structure is the movement from high to low that let you know if bulls or bears are in control, so in this case weekly chart tells what happens through a weekly candlestick chart.

You can see that there was a move higher on a consolidation, and final move higher before the trend changed and the bears took over, putting in an initial move lower. This was followed by a recovery and we have in the context of this uptrend being able to identify the market structure will help you be ready for reliable market turns to make the best trades.

NGXASI Weekly Chart (opening chart)

NGX Banking Index Weekly Chart

NGX Insurance Weekly Chart

NGX Consumer Goods Index Weekly Chart

NGX Industrial Goods Index Weekly Chart

NGX Oil/Gas Index Weekly Chart

NGX 30 Index Weekly

Zenith Bank Weekly

United Capital Weekly

GTCO Weekly

UBA Weekly

Fidelity Bank Weekly

Presco Weekly

Accesscorp Weekly

Eterna Weekly

Wema Bank Weekly Chart