To read structure you first have to filter the noise. connects the relevant price turns into a ZigZag and, on that structure, automatically plots Fibonacci and support/resistance zones.
How to read it
The ZigZag shows you the skeleton of the move: the highs and lows that matter, without the intermediate noise. On the last leg, the Fibonacci levels mark where a pullback is likely to find support, and the S/R zones highlight the prices where the market already reacted.
How to use it in practice
It's ideal for planning pullback entries: you identify the structure, wait for price to correct to a Fibonacci level or an S/R zone, and look for a reaction there. The confluence of a Fibonacci level with a historical S/R zone is one of the best points of interest.
When not to rely on it alone
The ZigZag redraws with the last leg: the most recent pivot isn't confirmed until price moves away. Don't anticipate the turn; wait for the structure to confirm.