First consolidation range showed clear increase to show us selling cimax. then decreased alongside change of character on the rally - suggesting a SOS (sign of strength) in an accumulation range. This is confirmed with a spring that has the peak of the range. I entered long on the test after the spring .
Towards the end of the first markup, price then stopped rallying, dropped slightly and then re-rallied without breaking the previous peak, alongside a non-significant increase in this suggested a re-accumulation range is forming, and if not, at the very least a new consolidation range. Note that this time, it is non-horizontal/downward/weak. The market eventually left the markup channel which is indicative of a new consolidation range. We then see decreasing + change of character to the upside leading to a high dip suggestive of a spring and confirming of re-accumulation. I scaled in my long after this spring .
TP area was calculated using a rudimentary 3 x trading range added to the top of the range instead of point and figure charts.
Once I TP'ed the market showed that this area was the right place to do it with the formation of a new consolidation here and a reaction off the markup channel after leaving it.
All in all, a great trade that went 100% according to plan.
Drawdown: few pips.
Profit: 485 pips (cumulative with scale in).
Will wait to see if market distributes or accumulates from here.
Screenshot of trade: