In this chart we explain how we could enter a trade if this scenario will occur.
Its used for educational content (but based on a real plan) to show how to create a plan on a possible scenario.
Always think a few steps ahead, its just like playing chess. Its not given that this scenario will play out but,,, : if this happen then we know how to anticipate.
We should wait for conformation (divergence), if no divergence? Then wait till 2nd conformation, if we missed out? Then wait for 3th oppertunity to enter the position.
Trading without having a plan, is like driving without hands on the wheel. It can go good for a while, but 100% for sure u will fail.