If in doubt – see example of today’s triangle – use the principle of 3:
- I need 3 pieces of evidence that this is a good level trade
- and a level above or below to attract prices
I didn’t take it because I was thinking that breakouts are not good strategies in ranging markets and because the 3Min Bolli didn’t work at daily 21MA, that it’s not an active level. But, it had seen some order flow on the way down but was not enough by itself to stop the fresh break.
