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Michael Fx Goat June Mentorship 2026 - Structure 1
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Forex and gold traders seeking a structured approach to market analysis.
TL;DR
Michael explains market structure basics—uptrend, downtrend, and ranging—emphasizing that a valid break requires a candle body, not a wick. He also shares his method for catching trend continuations using a 50% retracement level.
Key Takeaways
- A structural break in an uptrend requires a candlestick body closing below a prior retracement low, not just a wick, to confirm a potential trend reversal.
- In a ranging market, a violation of the established high or low with a full candle body signals the market's next directional move, not a continuation of the range.
- For a sell trend to be validated, the previous high must be broken with a candlestick body; wicks are disregarded as valid break of structure.
- To catch trend continuation, mark the 50% retracement level of the prior move using a square tool, then wait for price to reach that zone as an outlook for entry.
- An outlook zone is where a trader expects price to start buying or selling from, not an immediate entry point; entries are refined using smaller timeframes.
- A retracement point in an uptrend must be respected; if broken by a full candle body, it indicates the market is about to sell off.
- Continuation trading requires confirming that the previous trend's momentum is intact before entering at the 50% retracement level of the prior swing.
In This Video
- 00:00Introduction to Four Major Classes
Overview of structure, point of interest, top-down analysis, and psychology classes.
- 00:19Market Trends: Uptrend, Downtrend, Range
Explains uptrend, downtrend, and ranging markets with retracement respect rules.
- 01:30Retracement Points and Structural Breaks
Details how retracement zones must be respected and broken with candle bodies.
- 02:48Identifying Valid Structural Breaks
Emphasizes using candlestick bodies, not wicks, to confirm break of structure.
- 03:41Sell Structure and Buy Structure Rules
Describes sell trend validation and how buy structures form after breaks.
- 04:51Ranging Market Violations
Explains how ranging market breaks signal continuation of the new trend.
- 06:56Trend Continuation with 50% Level
Shows using 50% retracement of a square to catch continuation of trends.
Questions & Answers
What are the three types of market trends?
Uptrend, downtrend, and ranging market are the three types of market trends discussed.
How do you identify a structural break in an uptrend?
A structural break occurs when the market fails to respect a retracement point and breaks below it with a clear candlestick body, not a wick.
What is the rule for a break of structure?
A break of structure must be confirmed by a candlestick body, not a wick. Wicks are not counted as valid breaks.
How do you catch a continuation of a trend?
Mark the previous high and low, then use the 50% level of that range as an outlook for entry, waiting for price to reach that zone.
What is the difference between an outlook and a buy?
An outlook is a zone where you expect the market to start buying, not an immediate entry. You use smaller timeframes to refine entries.
Key Terms
- Structural break — A price move that violates a previous retracement point, confirmed by a candlestick body, signaling a potential trend change.
- Retracement point — A level where price temporarily reverses within a trend, which must be respected for the trend to continue.
- Outlook — A price zone where a trader expects the market to reverse or continue, used as a reference for potential entries.