looking at this purely speculative at the moment, but the chart patterns do have favorable probabilities of playing out.
Then using this in confluence with Fibonacci levels/ clear support and resistance levels and the theory would be to take out liquidity to the downside first. You have just increased the possibilities of your next swing trade.
Then using this in confluence with Fibonacci levels/ clear support and resistance levels and the theory would be to take out liquidity to the downside first. You have just increased the possibilities of your next swing trade.