when the market makes a new impulse and pulls back it is said to be operating in a range. within the range we observe internal liquidity formed within the range and external liquidity resting on the tips/swing points of the impulse. as the tape winds the market prefers to make attempts on internal liquidity followed by external liquidity or vice versa and the...
grindlines/ trendlines are good momentum indicators,, when price grinds up/ down at low volumes then spikes out with a volume surge it is more likely the market is overstretched and the steeper momentum line break could signify price returning to the region where it was grinding slowly and likely get past it...
you could simply time;
-liquidity purges followed by
-market structure break indicating incoming shift in MS
-retracement into relevant OB / 61-78 fib
-euphoric price run targeting counter liquidity
AND THATS A P.A TRADING STRATEGY
i kept waiting for the triangular pattern to give a directional bias which resulted in a series of price chaser trades.
i should stick to a preconceived idea from higher timeframes and i should respect my own levels and candles which almost always pan out right