One of the setups I like to trade the most is the transition from trending markets to non trending markets and vice versa.
One of the trader's theorems tell us that once a trend has finished markets will transition into a non trending state. This also holds true for non trending markets, at some point non trending markets will set up a new trend.
Right now we're trading inside a range zone, the smaller pink square, and price broke out and should continue to move to form a double top before giving us the hook (pullback to downside), before it finally sets up a uptrend.
One of the trader's theorems tell us that once a trend has finished markets will transition into a non trending state. This also holds true for non trending markets, at some point non trending markets will set up a new trend.
Right now we're trading inside a range zone, the smaller pink square, and price broke out and should continue to move to form a double top before giving us the hook (pullback to downside), before it finally sets up a uptrend.