Welcome to Module eight of course, in this module we will be looking at the different market types. So, as I mentioned, we will be looking at different types of markets and the typical behavior. Now, when defining market, we are usually looking at ultra daily or a weekly timeframe, so that will do that will be considered your larger timeframes and, and markets will tend to find themselves in one of two states they can be either training or they're going to be consolidating, which is also known as ranging. And when a market is trending, it means that the general trend of the market is either up which is called a bullish market, or it's going to be down which is called a bearish market. Now, when the markets are consolidating, or ranging, it means that there is no clear trend and the market appears to move sideways, and that will be within a defined price range.

So, let's look at a few examples. Now, here's an example. With a candlestick chart that shows a six month ranging market. Now what I'd like you to note is that the market does not make any new highs, and it's not making any new lows as well. So as you can see, here's a higher every year there's a high there's a high desert high and a low point of the year of year over year as well as a sub the market is moving from left to right. We are we appear to be bouncing between your overrate resistance which is the blue line as well as your support at the bottom yourself prices just moving up and down within this range of 200 to $215.

Now, you'll also notice that in a consolidating market, you would tend to have much higher volatility and that is as the most is trying to look for direction. So until we break out of confirmed retest out of either this label over here or disabled again, we will probably stay within arranging the market now looking at a trending market, so here's a candlestick chart chart showing a six month training market now, the data represented represents six months worth of price data. And the example that we are looking at here is to be considered a very strong bullish market. In other words, and your price would be moving from the bottom left your screen to the top right of your screen. It also noticed that we are making new highs very often as well as higher lows. So for a market to trend, we are typically looking for higher highs and higher lows for a bullish trend and Conversely, if we were looking at a bearish trend, which would mean that the market would be moving from the top left of your screen to the bottom right, we'd be looking for lower highs as well as lower lows.

And it also noticed that and we will discuss this in the next module, but your moves would be the is usually mostly upward. So, this is your your impulse move in India with a short correction move, impulse move, correction move, impulse move, correction move, etc. So, in a strong trending market, you notice that your impulse moves is much larger than your correction moves. That concludes Module eight. Thank you very much. And as always, if you have any questions, feel free to email them to me at info at FX Automator.