Good advise re checking structure before supporting a break to see what channels are in play whether bullish, bearish or consolidation. I have been tuning in to some Barry Burns training and found the following 5 points useful in measuring the energy in the charts. That is before entering a trade check these 5 areas and grade them to obtain what Barry refers to as "Determining probability" ie how many of the 5 have been identified or satisfied. So identifying all of the below is 5/5 and makes for a higher probability trade. 1: Trend-moving average (Barry uses 50sma to define intermediate trend) 2: Momentum-Momentum indicator (identifying momentum) 3: Cycles-Oscillator (identifying cycles) 4: Support/Resistance-Previous cycles/waves, etc (identifying S/R) 5: Fractals-Chart interval 3x the setup chart. (eg if entering on a 5 min chart confirm entry by checking structure on 15 min chart to make sure the entry is in fact in the direction of the trend and not small time frame noise.)
Alot more in the vids but identifying the above 5 points of reference make for a solid model which I am working on.
