All markets move the same. There is always accumulation which sets up a pop and leg up. Once the leg is complete we will always see distribution, followed by a leg back down to test every level that was gained and lost.
Most people can't recognize accumulation or distribution. Instead they call it chop, which is technically not incorrect, but it limits our view. When we know if the chart is accumulating or distributing, we know where price is going to go next. If we just say it's in a chop mode, or sideways, we gain no insight.
The safest trade that can be made is off a first touch. The pop or drop is almost 100% accurate, a large move, and very few people understand how to recognize it. This probably makes people scratch their head as to why it's a strong entry.
The h pattern is also a result of a first touch pop, where momentum is being exhausted to setup to test a significant level below and then to test the most recent level lost. Often we will see accumulation during the h pattern. Patterns are generally worthless when looked at alone. Patterns form during the progression process. What are double bottoms and inverted H&S? Accumulation patterns. What about H&S patterns? Distribution. What about wedges? You guessed it: either accumulation or distribution patterns.
Leg starts will pretty much always be tested, and are the absolute best trade to take on a first touch, because the following move will almost always be very large.
This is not a system; it's progression, and it's on every single chart on every single time frame.
Most people can't recognize accumulation or distribution. Instead they call it chop, which is technically not incorrect, but it limits our view. When we know if the chart is accumulating or distributing, we know where price is going to go next. If we just say it's in a chop mode, or sideways, we gain no insight.
The safest trade that can be made is off a first touch. The pop or drop is almost 100% accurate, a large move, and very few people understand how to recognize it. This probably makes people scratch their head as to why it's a strong entry.
The h pattern is also a result of a first touch pop, where momentum is being exhausted to setup to test a significant level below and then to test the most recent level lost. Often we will see accumulation during the h pattern. Patterns are generally worthless when looked at alone. Patterns form during the progression process. What are double bottoms and inverted H&S? Accumulation patterns. What about H&S patterns? Distribution. What about wedges? You guessed it: either accumulation or distribution patterns.
Leg starts will pretty much always be tested, and are the absolute best trade to take on a first touch, because the following move will almost always be very large.
This is not a system; it's progression, and it's on every single chart on every single time frame.