When we are BULLISH and price wants to go higher it will create a TRIANGLE. After the TRIANGLE is Complete at a Macro PP price will consolidate and accumulate buy & sell orders aka MONEY aka LIQUIDITY.
Once this accumulation is complete price will then head north and take out the previous high. Once this high is taken out it will reach for more liquidity aka buy stops above previous structure areas. Once
these levels are reached price will then begin to stall and show signs of reversal (wicks, doji candles, consolidation) This is when we begin to look for the M set up and the DROP.
Never over leverage.
Trust your analysis.
Have fun!
Once this accumulation is complete price will then head north and take out the previous high. Once this high is taken out it will reach for more liquidity aka buy stops above previous structure areas. Once
these levels are reached price will then begin to stall and show signs of reversal (wicks, doji candles, consolidation) This is when we begin to look for the M set up and the DROP.
Never over leverage.
Trust your analysis.
Have fun!