Concrete Examples

I am trading the breakout of congestion prior to one of my entry signals. What specifically am I looking for? What do those congestions look like? The answer will result in many successful trading opportunities. Watch carefully.

A market gaps and looks like this:

Today's open

Yesterday's high _|

This is the intraday signal. Wait for the gap open. Wait for the pause (below) or retracement back to the level of congestion (above) closest to the high (low). Then buy (sell) the extreme of the opening range. This is the intraday signal.

2nd time through 1st time through.

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