When in a downtrend, always buy the breakouts, DO NOT FOMO.

This is an example of why you should never FOMO and keep adding at every fall or rise within the channel or a wedge. Given a clear example of how you take cost advantage when you trade only during a break out and not when in a range, until and otherwise you are just scalping. As an investor these are important rules that practices one must follow. Good luck trading. I have just tried to explain with a simple chart.

Comment:

Remember to wait until the candle closes.. the above is just an example i tried to explain. Even in the example, if you see when i posted there was a breakout and later it went into the huddle of the wedge.. So always be careful that the breakout has happened and the candle has closed above the resistance. Good luck with your trades.