Chapter 6: Structure, Context, and Crowd Behavior

Welcome to Chapter 6: Structure, Context, and Crowd Behavior.

So far, we’ve looked at what the market is doing—how liquidity, volume, and time shape price movement. But markets don’t move on their own. They move because of the decisions traders make under pressure. In this chapter, we’ll look at how crowd behavior creates the very patterns traders try to exploit.

The market doesn’t move because it “wants” to go higher or lower. It moves because traders act—and often react—in predictable ways.