Patiently wait for the unique price pattern first. You will always have more opportunities in front of you.
The market constantly alternates between narrow range price consolidations and large range price movements; the ratio of price consolidations to price movements is approximately 80:20. Experience has shown that during price consolidations it is not appropriate to initiate trend-following trades. Experienced and successful traders report, however, that they have had a very good success when they take the entry point at the END of a price consolidation. That is why we must be patient and be very selective.
