Here the learning for a breakout entry

Nov 13, 2022

Always wait for the breakout happened with the pullback inside the pattern (GREEN arrow) and when it happens with the straight impulse wave( RED arrow) it doesn't mean you don't have to take position , yes it will go up (as usual with stoploss) , but you see here most of the time, it get pulled back and you may in time loss (most important) . That YELLOW marked area is the FIB retracement area (0.5 to 0.618).