1. Utilize Multi-Time Frame analysis and point of view: Top Down Approach 2. Identify impulse phase and correction phase 3. Identify whether the correction is continuation or reversal 4. Higher time frame = Bias 5. Lower time frame = Confirmation and etry
Higher Time Frame: (Daily/Weekly Chart) - Multi-Time Frame Analysis, Top Down Approach - Identify the Impulse or Correction Phases of the market condition - Gives You Possible Direction and Bias
Lower Time Frame: (2/1HR, 30/15Min Chart) - Identify the Impulse or Correction Phases - Gives You Possible Confirmation and Entry - Forecast What You Want To See in the Market - Once Price Developed and Confirmed, then Set your entry orders