1. Identify pattern
2. Mark 6 bounces
3. Place support or resistance rectangle at LL/HH level.
When price cannot break or lose its momentum at the KEY level it has a high probability to break the pattern. Also, enter when price form double bottom or double top.
1. Pattern
2. Dow Theory
3. Support/Resistance
2. Mark 6 bounces
3. Place support or resistance rectangle at LL/HH level.
When price cannot break or lose its momentum at the KEY level it has a high probability to break the pattern. Also, enter when price form double bottom or double top.
1. Pattern
2. Dow Theory
3. Support/Resistance