Three Failed Lows. The Floor Is In. #shorts
TL;DR
Full video: https://youtu. be/aJ8lvVVj0TQ Three Failed Lows.
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Where this fits in the Confluence Method
This lesson lives in the Stack step of the Confluence Method, where you confirm a trigger, a key level and momentum before a setup qualifies as a trade.
Read the full method ▸Full transcript
1 sections0:00Three rejections at the same level is the market screaming the floor is in. Here's how to actually trade it. A triple bottom is three rejections of the same low. The horizontal high between them is the neckline. By the close above the neckline, stop below the third low. Target the measured move equal to the pattern height. I broke down the volume signature and the trap on a real chart in the full video. Link in the description.