IgazI wrote:prochargedmopar wrote:Whether it be channels, triangles, blah blah, price goes from patterns to patterns. When price FAILS to go to one side mid way through it will then go out the other side. So what does price do when it goes to the middle of a pattern and then fails to leave it the way it came in? Goes to the other side. Talk about basic shiz. Is trading really more complicated? YES. You've got to be WRONG at times. THAT is where EVERYONE succeeds or FAILS. Why? Because it's what we do when we are wrong that counts.
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Separating patterns from breakouts is 1 part obvious and 2 parts an art form.
There are no single prices from which price will bounce; more like a collection of patterns around a price that take on a familiar shape.
The outside circles are breakouts 'to something'. . .'something' also being a pattern.
As with any shape, price with either move up and out or dn and out.
You should trust your gut, and your gut should be based on simple analysis:
What is gained through complexity is lost in missed opportunities.
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Today I took this screenshot from Dave's livestream and posted it in ICT's telegram channel. LOL
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.gif "Mark-14")
