Trade the waves of the broadening triangle
As a day trader, your focus should start from the broadening triangle on the attached chart.
- Trade the most dominant wave through trading timeframes (M30 & lower),
- Never trust the price in a middle range, only:
- Rebounds / reversal from edges or trend lines (specially those on the M15 or M5 chart, that goes with the dominant wave within the pattern),
- Confirmed breakout,
- Trade the most dominant wave through trading timeframes (M30 & lower),
- Never trust the price in a middle range, only:
- Rebounds / reversal from edges or trend lines (specially those on the M15 or M5 chart, that goes with the dominant wave within the pattern),
- Confirmed breakout,