This post is short. But important.
1. identify a directional move (impulse)
2. wait for a correction (our case - a zigzag, a three waves move)
3. draw a corrective channel/ Trend line
4. wait for the breakout
5. wait for a flag. In this example - zoom in to m5 - and see the abc (flat, 3-3-5 structure)
6. buy the breakout
Simple.
Need patience.
This is the A+ entry point
1. identify a directional move (impulse)
2. wait for a correction (our case - a zigzag, a three waves move)
3. draw a corrective channel/ Trend line
4. wait for the breakout
5. wait for a flag. In this example - zoom in to m5 - and see the abc (flat, 3-3-5 structure)
6. buy the breakout
Simple.
Need patience.
This is the A+ entry point